By Wayne Cole
SYDNEY (Reuters) -Stocks got off to a quiet start in Asia on Monday ahead of an action-packed week that is seemingly certain to see the U.S. Federal Reserve resume its easing cycle, and perhaps leave the door wide open to a series of cuts.
The Bank of Canada is also expected to cut rates by a quarter point this week, while China’s central bank might trim one of its market rates amid a sluggish economy. The Bank of Japan and Bank of England also meet and are both seen on hold.
Markets are 100% priced for an easing of 25 basis points from the Fed, taking its funds rate to 4.0-4.25%, with futures implying just a 4% chance of 50 basis points.
Just as important will be Fed members’ “dot plot” projections for rates and guidance from Fed Chair Jerome Powell on the extent and pac