What are central banks telling us about interest rates?

As central banks in the US, UK, and Europe navigate economic uncertainties, markets are pricing in substantial rate cuts. The US faces pressure to reduce rates quickly, with 100 basis points expected by year-end, depending heavily on the upcoming employment data. In the UK, a stronger economy and moderating inflation expectations suggest up to 50 basis points of cuts by December. Meanwhile, Europe shows signs of improvement, with slower wage growth easing the path for potential rate reductions. While there is optimism for lower rates globally, risks of market disappointment remain if data...