How low will rates go? Late last year, markets expected the Fed to begin to cutting interest rates in 2024. However, these expectations have changed with each new economic data release. In this report, we summarise the alternative data sources that can help predict changes to monetary policy and whether central banks are hawkish or dovish. We also summarise other data sources that help track general macro sentiment and highlight the studies that find value in using sentiment data to forecast headline economic indicators.