Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit 
RBA Raises Interest Rates to 4.35% Amid Rising Inflation Risks and Middle East Tensions 
ECB Rate Outlook: Ceasefire Eases Pressure but Hikes Still Expected in 2026 
Bank of Japan's Ueda Flags Low Real Interest Rates as Key Factor in Rate Hike Timing 
Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104 
The Federal Reserve, European Central Bank (ECB) and the Bank of Japan (BoJ) are all expected to adopt two more rate cuts by 25bp to 1.25-1.50bp, by 10bp to -0.70 percent and to -0.30 percent respectively, according to the latest report from Barclays Research.
Growth prospects have further softened in recent months, as the global slump in manufacturing intensified and business sentiment weakened.
"We expect the global economy to slow to 3.1 percent in 2019 and 3.2 percent in 2020, down from 3.9 percent in 2018," the report further commented.
Consumption is holding up across regions, supported by healthy labor markets, low inflation and accommodative policies. This limits recession risk for now, but the uncertainty-related weakness in trade and investment could eventually spill over.
Both the Fed and the ECB have re-started easing, but increasing internal dissent is clouding the outlook, the report added.
