Central Banks Gear Up for Crucial Rate Decisions Amid Global Uncertainty

Major central banks worldwide will make crucial monetary policy decisions in September amid growing geopolitical risks and uncertainty over global inflation and growth outlook.

The US Federal Reserve, European Central Bank, and Bank of Japan's meetings are expected to shape the direction of global markets.

The Fed is likely to maintain its policy rate next month, with a 63% probability of keeping it steady, while expectations for a possible rate hike by year-end remain strong.

Meanwhile, the European Central Bank is widely expected to hike rates by 25 basis points on September 10, amid rising energy prices and eurozone inflation.