Global Central Banks on Edge: Fed and BoJ Meetings Loom Amid Tariff Tensions and Indonesian Shock

The Federal Reserve's July 28-29 meeting has transformed from a "snooze fest" into a "humdinger" as rising inflation, driven by a renewed surge in oil prices, forces a potential rate hike onto the table. While a hold was the base case just weeks ago, a coin-toss scenario now prevails, with a former senior Fed economist noting officials are "just kind of stuck" between mounting price pressures and a resilient economy.

Bank of Japan's Hawkish Stance

All eyes turn...