The world's economic reckoning with the incoming Trump administration kicked off in earnest this week, with the US Federal Reserve flagging fewer rate cuts and other leading central banks signaling caution over future rate decisions.
The Fed cut rates as expected on Wednesday amid a busy year-end run of central bank meetings from Ottawa and Frankfurt to Tokyo and London that showed heightened uncertainty ahead of Donald Trump entering the White House in the new year.
But Fed officials dialed back projections for rate cuts in the face of stubborn inflation and Chair Jerome Powell (pictured) said some in the bank were trying to judge how Trump's planned tariffs, lower taxes and immigration curbs might affect policy.
This story is from the December 20, 2024 edition of Business Standard.
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This story is from the December 20, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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