Reported 7 months ago
The Federal Reserve's decision to signal fewer interest-rate cuts this year sets it apart from global peers who have already started easing. The Fed now anticipates only one rate cut this year, compared to the three predicted in March, indicating that the era of higher rates is here to stay. This contrast with other central banks like the Bank of Canada and the European Central Bank could affect the world economy by driving dollar strength and diverting capital away from emerging economies.
Source: YAHOO