Charting the Global Economy: Fed reins in rate-cut expectations

This post was originally published on The Economic Times

Central bankers in North America’s two largest economies lowered borrowing costs this week, though yields on government debt climbed after the heads of US Federal Reserve and the Bank of Canada damped expectations for further reductions by year-end.

The European Central Bank kept borrowing costs unchanged for a third straight meeting, with inflation in check and the economy expanding. The Bank of Japan also left interest rates on hold, though two policymakers dissented in favor of an increase.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:
US & Canada

BloombergThe Fed said it would stop shrinking its portfolio of assets beginning Dec. 1, closing the book on a process that began in 2022. Jerome Powell pointed to signs of more significant tightening in money market conditions over the last three weeks as a sign that it was time to end its three-year effort. Meanwhile, after lowering rates a quarter point, the Fed chair issued a blunt

Read the rest of this post, which was originally published on The Economic Times.

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