Central banks in the U.S., Japan, England, Canada, and the European Union meet this week, with most expected to hold interest rates steady as war in the Middle East disrupts the global economy. The episode examines why, despite this temporary alignment, the U.S. may soon diverge and move rates in the opposite direction from other major economies. In other news, consumer sentiment edged up in April, Medicaid funding cuts are reducing pediatric care options, and five Big Tech companies are set to report earnings.
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Highlights
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Synchronized rate hold amid geopolitical shock
The Fed, Bank of Japan, Bank of England, Bank of Canada, and ECB all meet this week and are expected to keep rates unchanged as war in the Middle East shakes the global status quo.