Monetary policy remains a key driver for global capital markets. The Federal Reserve continues to signal caution: although inflation has eased from previous peaks, it remains persistent in parts of the services sector. Markets are pricing in interest rate cuts, but the timing and scale remain uncertain. Similarly, the European Central Bank faces a delicate balance between weak economic growth and lingering inflation risks. This uncertainty has led many investors to adopt a wait-and-see approach in the short term, while opening medium-term opportunities should financing conditions ease and economic momentum stabilize.
Sources: https://www.federalreserve.gov | https://www.ecb.europa.eu