30/4/2025, 6:26:03 pm

US Fed may no longer lead the global rate cycle

The US Federal Reserve's influence on global interest rates is waning as the world becomes more fragmented, with inflation and rates diverging across nations. The dollar's dominance remains, but no replacement exists. Economies face varied challenges, including high inflation, stagflation, and disinflation, amid rising protectionism, reducing the Fed's role as the global rate-setter.