-
The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing
A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK over the following day — amounting to half of the world’s 10 most-traded currency jurisdictions. Those events will draw most attention among investors bracing for the last big week for monetary policy in 2024. By close of play on Friday, at least 22 central banks accounting for two-fifths of the global economy will have set ... (full story)