Market expectations have increased for global central banks to ease their aggressive monetary tightening campaigns and begin cutting interest rates this year. With inflation pressures expected to continue receding, the Federal Reserve, European Central Bank (ECB), and Bank of England (BOE) are expected to lead the push to lower interest rates this year. However, Japan may remain the standout among its peers, with the Bank of Japan (BOJ) expected to exit negative interest rates and tighten monetary policy. The Fed signaled in its December dot plot of interest rate expectations that it expects t…