Prices of crude oil and refined oil products rose rapidly this month, raising concerns that inflation will accelerate further, but interest rate trading signals indicate that central banks may be preparing to adopt a more gradual path of interest rate hikes. If this week's policy meeting confirms this forecast, the stock market and bond market may rebound; if the fall in oil prices on Monday indicates that commodities will peak in the short term, the probability of a rebound is even higher. The market still anticipates more austerity operations. Overnight index swap agreements show that central banks in advanced economies expect to raise policy interest rates by a total of 77 basis points over the next year, which is equivalent to three rate hikes. However, this is expected to raise interest rates less than a month ago. Currently, most major central banks' interest rate hikes are lower than the average for the past month. The Bank of England is the main exception, and its expectations are high in the same period. It is anticipated that there will still be room for change in both directions. Five central banks in advanced economies will hold interest rate meetings this week: the Federal Reserve, the New Zealand Federal Reserve, the Bank of Canada, the European Central Bank, and the Bank of Japan. After Australia announced its quarterly consumer price index on Wednesday, traders may bet ahead on next week's RBA policy trends.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.