Switzerland sort of came out of left field, so I'll take New Zealand, without knowing much of anything about what's going on there.

I assume their economy is tied pretty heavily to China, which seems to be going through some turmoil right now, so they may "need" to stimulate some economic activity.

I first thought that you missed the data for Japan, lol.

U.S.A is my bet.

Isn't it interesting how wrong the market has been about rate cuts? We were supposed to already be in cuts by now. I'm wondering if there will be cuts in the US before fall at this point.

I'll go with the US. Elections are just round the corner

I think ECB is most likely to cut the rates next. It will be followed by India's then China's, then, 1 by 1 all countries except the US. Because, US is the big boss and wouldn't put down, no matter if it's interest rate only. It's the matter of US prestige. First all others, then US will cut rates. That's all.

Oh Canada baby. We can win this.

The way things are going, I think everyone is going to have to cut back. The question should be, when?

Does the Japan pivot signal incoming macro havoc?