Reported 19 days ago
The Federal Reserve has initiated a significant shift in monetary policy by cutting interest rates, impacting central banks worldwide without inciting panic. Fed Chair Jerome Powell emphasized the strong health of the U.S. economy, aiming to reassure markets amid global economic concerns. This move allows other nations, particularly emerging markets, more flexibility in adjusting their rates, while European and other developed economies may feel pressured to respond accordingly. As the Fed leads the charge, the ripple effects of its decisions will likely reshape policy directions globally.
Source: YAHOO