Fed Initiates Global Rate Cuts Amid Economic Uncertainty

Federal Reserve Chair Jerome Powell signals confidence in achieving a soft landing as global central banks adjust policies.

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.