The Fed’s unexpected rate cut sparks global market tensions, igniting fears of a looming recession as policymakers scramble to respond.
The Federal Reserve’s recent decision to cut interest rates by half a percentage point is likely to influence global monetary policies. Fed Chair Jerome Powell reassured the public that the U.S. economy remains stable, despite fears of recession. This rate cut provides relief to emerging markets facing high U.S. borrowing costs, allowing them to adjust ...