Reported about 2 months ago
Major central banks, including the US Federal Reserve, are signaling imminent interest rate cuts as they adapt to a cooling global economy post-COVID-19. Fed Chair Jerome Powell indicated potential reductions starting in September, aligning with sentiments from the European Central Bank and the Bank of England, as concerns shift from inflation to emerging economic weakness and labor market conditions. The coordinated approach reduces investor anxiety, although uncertainty remains regarding the pace and timing of these cuts.
Source: YAHOO