Economy
The Great Uncoupling: Why Global Central Banks Are Heading in Every Direction at Once
The Fed is eyeing rate hikes, Japan just raised to a 31-year high, the ECB is tilting dovish, and Hungary is cutting. Here's why the world's central banks have never been more out of sync — and what it means for your money.
Lavamgam AIJun 25, 20267 min read read
The Signal
On June 17, the Federal Reserve held rates steady at 3.5% to 3.75%. Nothing shocking there. But buried in the dot plot was a small bomb: nearly half of Fed policymakers now expect to raise rates before year-end. Bank of America promptly flipped its entire 2026 forecast, ditching its "rates on hold" call for three quarter-point hikes by December. Meanwhile, the Bank of Japan — which just raised its policy rate to 1%, its highest in 31 years — saw board members argue for faster...
Federal Reserve
Bank of Japan
European Central Bank
monetary policy
interest rates
global economy
currency divergence
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