Fed’s rate cut delay will not hold back the tide of global easing

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The Straits Times 2d ago

Fed’s rate cut delay will not hold back the tide of global easing - The Straits Times

Quick Summary:

Only Bank of Japan will not end up lowering borrowing costs within the next 18 months, Bloomberg forecast says.

But with the second half of 2024 dawning, the prospect of looser constriction looks increasingly likely to materialise for much of the world.

Fed chair Jerome Powell has stressed policymakers will be relying on a range of data, including on the labour market and prices, as they decide when it will be appropriate to lower rates.