The global Fed pivot continues:
74% of world central banks have cut rates this year, the biggest share since 2021.
The Bank of Canada has cut rates 5 times by 175 basis points, marking the most aggressive rate cut cycle among major central banks.
The European Central Bank and the Swiss National Bank have lowered rates 4 times by 100 and 125 basis points, respectively.
The Bank of England has cut twice by 50 basis points.
As inflation rebounds, the pivot is at risk.
