Bullet points of How Fed rate cuts affect the global economy

Bullet points of How Fed rate cuts affect the global economy
- The Federal Reserve's interest rate decisions can influence the trajectory of the U.S. economy.
- The U.S. economy remains one of the largest economies in the world, and one of the fastest growing.
- The Fed's decision to cut interest rates comes after months of shaky labor market data and a global bout of inflation.
- Economists note that the simultaneous tightening of conditions across borders could amplify their effects.
- The yuan accounted for 4.3% of payments made globally in 2023, according to the Federal Reserve.