Global Market: Big cut in interest rates by 0.5%, first cut in interest rates after four and a half years

Booster dose of Fed, big cut in interest rates by 0.5%, first cut in interest rates after four and a half years, interest rates reduced for the first time after Covid, decision to reduce interest rates after falling inflation, 0.5% in interest rates till December There are signs of further cuts, with interest rates projected to fall further to 1% in 2025 and 0.5% in 2026.