In a significant shift in global economic policy, three major economies — the United States, China and Thailand — have taken various easing measures to support their economic growth and stability.
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In a significant shift in global economic policy, three major economies — the United States, China and Thailand — have taken various easing measures to support their economic growth and stability.
First, the Federal Reserve has taken decisive action. The US central bank cut interest rates by 50 basis points to a range of 4.75% to 5.00%, amid signs of continued economic strength. Economic data for September showed remarkable resilience, with non-farm payroll growth exceeding expectations, while unemployment dropped to 4.1%. Inflation has reached a three-year low at 2.4%.
Nevertheless, some caution is in order. The Fed’s latest Beige Book report paints a picture of an economy showing signs of a “soft landing”,…