Major central banks are taking divergent policy paths as U.S. tariffs create different challenges across the global economy. While the U.S. Federal Reserve holds rates steady due to inflation concerns, the Swiss National Bank is considering negative rates to combat currency strength, and the Bank of Japan maintains a potential hiking bias despite growing caution. The article outlines the current positions of ten developed-market central banks, with many European and Pacific nations cutting rates or signaling future cuts while dealing with the disinflationary effects of stronger currencies against the dollar and the broader impact of trade tensions.

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Gold Is Decoupling From Geopolitics. Here’s the Proof
Gold rose 3% on Iran peace news Wednesday. It held those gains Thursday when the US military briefed Trump on strike options. Same metal, opposite headlines, same price — because the monetary floor beneath gold is now larger than any geopolitical premium on top of it.




