Overview

• The Federal Reserve has made its first interest rate cut in four years, reducing rates by a half percentage point in September.
• Fed Chair Jerome Powell anticipates two more rate cuts by the end of the year, totaling an additional half percentage point.
• Powell expressed optimism about a 'soft landing,' where inflation decreases without a significant rise in unemployment.
• Global central banks are largely following the Fed's lead, with many expected to lower borrowing costs through 2025.
• Despite easing measures, some central banks, like Japan's and Brazil's, may still pursue rate hikes due to unique economic pressures.