bullish

Regional Economics: The Beginning of the End of “Higher for Longer”?

330 Views24 Sep 2024 15:00
SUMMARY
  • The Federal Reserve’s larger-than-expected rate cut suggests that it saw an uncertain trajectory for the US economy with downside risks.
  • Fed policy is in trial and error mode until it lands on a new equilibrium. There will be more turbulence and uncertainty for Asia and the rest of the world.
  • For Asia, the immediate impacts will be felt in the currency and other financial markets. Real-economy impacts will be modest for now as monetary policy takes time to work.
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