Following a macro-heavy week of policy decisions, the economic calendar is relatively light this week, giving markets time to digest the broadly hawkish signals from major central banks. While the Federal Reserve’s (Fed’s) rate hike was widely expected, Chair Warsh’s emphasis on restoring the Fed’s credibility by retaining the 2% inflation target was interpreted as a hawkish shift, despite his reluctance to commit to a specific rate path.

Read | Eastspring’s CIO Views Weekly Bulletin