The Fed's rate outlook has rattled markets. Here's what it means for global central banks

Federal Reserve Chair Jerome Powell announced during a press conference in Washington, U.S. that the Fed had cut interest rates by a quarter point after a two-day meeting of the Federal Open Market Committee on interest rate policy on Dec. 18, 2024. The decision to lower rates was made in response to economic conditions and aimed to support growth and stability in the country. The move was part of the Fed’s ongoing efforts to manage monetary policy and ensure a balanced economic environment.

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