Overview

• Federal Reserve Governor Michelle Bowman dissented from a larger-than-usual rate cut, citing inflation risks despite a slowing labor market.
• The People's Bank of China announced a series of monetary policy measures, including reducing the Reserve Requirement Ratio and lowering mortgage rates to stimulate the economy.
• Bank of Canada Governor Tiff Macklem emphasized the need to maintain inflation at the 2% target while hinting at potential future interest rate cuts.
• The Fed's recent half-percentage-point rate cut marks a departure from the typical quarter-point adjustments, reflecting concerns about economic fragility.
• China's aggressive monetary policy aims to support the housing market and boost stock market confidence, signaling a refusal to tolerate economic decline.