Central bank decisions are due out of the U.S., Japan and Australia this week, but most analysts aren't convinced the time is right for rate moves.
The Fed will convene for a two-day meeting on November 1, and market expectations remain largely dovish, despite recent supportive economic data. Third-quarter gross domestic product (GDP) reported on October 28 beat forecasts to rise 2.9 percent on-year, the fastest pace of growth in two years. Meanwhile, nonfarm payrolls have continued to show moderate strength, while inflation indicators suggested the return of inflation pressures.
