Fed Rate Cut Paves Way for Broader Asian Easing Amid Global Trade Tensions
Fed Rate Cut Paves Way for Broader Asian Easing Amid Global Trade Tensions The Federal Reserve’s recent quarter-point interest rate cut this Wednesday is poised to trigger a new wave of monetary easing across Asia, as the region grapples with persistent trade headwinds and currency pressures. The move, which lowered the Fed’s benchmark overnight lending rate to 4%-4.25%, was characterized by Chair Jerome Powell as a “risk management cut,” with signals pointing to two more reductions this year. This latest…