David McNamara: All eyes on US Fed's new inflation forecasts on Wednesday 

Markets are now pricing in just 70 basis points of rate cuts by the end of 2024, down from the almost nearly 100 basis points, or 1%, in cuts that were priced in only a couple of weeks ago

US Federal Reserve chairman Jerome Powell: The Fed will unveil its monetary policy decision on Wednesday.

This week is set to be an important period for markets as three key central banks, the US Federal Bank, the Bank of Japan, and the Bank of England unveil their monetary policy decisions. 

Markets are already digesting the first rate hike by the Bank of Japan since 2007, and, in the process, exiting negative rates for the first time since 2016.