Fed and global central banks plan interest rate cuts after US election

The Federal Reserve and other major central banks are expected to cut interest rates next week, following the U.S. presidential election on November 5. This comes as U.S. policymakers aim for a gradual approach after a recent half-point reduction. With the election too close to call, central banks are preparing for potential uncertainty in U.S. economic policy. Economists predict a quarter-point rate cut from the Fed, influenced by recent weak hiring data. Other central banks, including those in the UK and Sweden, are also anticipated to lower rates. In contrast, Brazil may raise rates due to rising inflation concerns.