Fed and peers will go ahead with rate cuts after this week’s US election

Quick Summary:

Central banks responsible for more than a third of the global economy will set borrowing costs in the wake of the vote.

Election aside, US policymakers have already communicated a desire to proceed with a more gradual pace of rate cuts after September’s half-point reduction.

Those in the UK, Sweden, the Czech Republic and elswewhere are anticipated to cut rates in decisions after Election Day, while Brazilian officials may hike by as much as a half point.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaBrazilCzech RepublicSweden

Topics: Global Officials Economy Policy Banks Costs Borrowing Likely Election Responsible Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 08:05:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23386576

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