Reported about 1 year ago
Several developed countries including Switzerland, Sweden, Canada, the European Central Bank, and Denmark have started rate cuts from March to last week, hinting at an upcoming wave of rate cuts. Reasons for these rate cuts vary, such as easing inflation, rising unemployment, or severe real estate crises. Each country has its own considerations, and it's not solely due to achieving inflation targets. The US Federal Reserve is expected to maintain its rates unchanged following its June meeting, citing the need to see inflation closer to the 2% target. With stable employment rates and inflation levels below the Fed's target, the likelihood of a rate hike is low at the moment.
Source: YAHOO