This past week, in a rare mainstream media appearance, US Federal Reserve Chair Jerome Powell joined 60 Minutes and within that time sent expectations for a US March rate cut plunging. Regardless, major global financial markets are broadly looking for around the same moves over the next 18 months – about 200 basis points of cuts.

Yet not all conditions are moving in parallel, and while wages are easing lower in the US, they continue to press higher in Europe and the UK.

If some central banks cut as other stay on hold, this could drive some big moves in the form of more volatility.

Tune in for Head of Market Insights Steven Dooley's always insightful breakdown of the current state of our global markets on this week's Converge Market Update.

Converge Market Update: Hot tip? Watch wages in 2024