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Global Central Banks Signal End to Aggressive Rate Hikes as Inflation Slows While U.S. Economy Shows Resilience

  • Major central banks are considering ending aggressive interest rate hikes as inflation shows signs of easing globally.
  • The U.S. economy grew faster than expected in the second quarter, driven by consumer spending and business investment, defying recession predictions.
  • Wage growth and inflation slowed in the U.S. in June, indicating reduced pressure on the Federal Reserve to continue raising rates.
  • Consumer sentiment in the U.S. reached its highest level since 2021 due to slowing inflation and a strong labor market.
  • The Bank of Japan surprised markets by loosening its yield curve control policy, leading to fluctuations in Japanese markets and exchange rates.
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