It seems like several Central Banks are going through a sudden ''change of heart''. Recently many Central Banks and today the ECB came out pretty dovish. Let's see what's going on, and whether the Fed is going to join the party too.

Australia, Canada and now Europe are starting to weigh pros and cons of calibrating monetary policy with a single objective: bringing inflation down to 2%, as soon as possible. Instead, they are beginning to consider a slowdownor a complete pause in rate hikes. Why such a sudden ''change of heart''? Because all these jurisdictions have something in common: inherent fragilities. Be it private sector debt/domestic housing market (Canada) or a very suboptimal ‘‘monetary & fiscal union’’/recession fears (Europe)...

pls check below for remaining part

https://twitter.com/MacroAlf/status/1585728590930640897?s=20&t=2cotaldKH8JoJuTTo9g0Yw