A big reason the Fed is reducing rates is because hiring has slowed, unemployment has picked up
Inflation in August was barely above the Fed's 2% inflation target
Payrolls rebound, and vacancies drop
Lower rates expected to ease burden on highly indebted household sector
Household savings down 61% from peak in 2021, savings ratios approaching record lows
Strong growth, declining inflation, and easing monetary policy to drive global output
Stronger-than-expected output to get a hand from monetary easing
The central bank's next interest rate announcement is scheduled for Oct. 23
The measures are meant to counter a prolonged downturn in China’s property market
Global monetary policy set to sync up as the Fed begins to ease