Fed's bold move reshapes policy horizon for counterparts around the world

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Fed's bold move reshapes policy horizon for counterparts around the world - Business Standard

Quick Summary:

In the run-up to the ECB’s first rate cut in June — when the US economy was still running hot — Lagarde insisted that the move would be inspired by data, not the Fed.

The Federal Reserve’s bold start to cutting interest rates and its determination not to fall behind the curve in easing has reshaped the policy horizon for counterparts spanning the globe.

In Japan, where central bankers are just getting started with tightening policy, the Fed’s move may have implications on what’s to come.