U.S. Fed Raises Inflation, Signals Fewer Rate Cuts

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CNBC

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

Summary

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78% Informative

A stronger U.S. dollar on the back of higher interest rates — and potentially inflationary tariffs from President-elect Donald Trump — make the outlook for policy easing around the world more uncertain.

While global central banks insist their monetary policy decisions are made independently of the Fed , currency moves could force them to act.

The Fed 's cautious stance on future rate cuts sent most Asian currencies reeling Thursday .

South Korea's central bank cut its benchmark interest rate by 25 basis points last month in a surprise move.

The European Central Bank last week announced its fourth rate cut this year , confirming expectations for a quarter-percentage-point move and lowering inflation forecast for this and next year .

European markets fell on Thursday following the Fed 's comments, and currency markets also reacted.

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English

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