A U.S. flag flies on top of the Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Tuesday, Jan. 27, 2015. The policy-setting Federal Open Market Committee (FOMC), meeting for the first time in 2015 on Tuesday and Wednesday in Washington, will be challenged by reports contrasting the encouraging performance of the U.S. economy with a global outlook that has darkened since they met in December. Photographer: Andrew Harrer/Bloomberg
| Andrew Harrer/Bloomberg
Money managers fear the central bank could derail the U.S. economic recovery.
Register (free), subscribe or login to access this page:
Unlock essential data and insights
Register (free) for top line Survey Results and most Editorial content
Subscribe for full access to our unique data and premium editorial
Switzerland blinked first. In March, the Swiss National Bank kick-started a rate cutting cycle, becoming the first central bank overseeing the world’s 10 most heavily traded currencies to lower rates for the first time since November 2020. It joined counterparts in Latin America and other emerging markets that have been speeding up rate cuts as the threat of inflation has eased. In February, the Bank of China cut its five-year loan prime rate – the largest cut of its kind on record – to come to the aid of real estate developers struggling with debts. But it was the Swiss cut that got analysts excited.
