Global news wrap: Monetary policies, Trump’s threats, Buffett’s defence
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In 2024, several central banks started the rate-cutting cycle as inflation eased, including the US Federal Reserve. However, the easing cycle was not consistent among different countries and the trend is likely to continue in 2025 as well. Several countries, including the US, the UK, and Japan will announce their monetary policy decisions next month amid an uncertain economic landscape of fears of the return of inflation and changing world order after Donald Trump took over as the US president.
The US Federal Reserve is expected to hold interest rates steady again, while the UK, and the European Union may continue to reduce rates in response to sluggish economic growth. Japan, which had been raising its interest rate, is expected to opt for a hike yet again. As global conditions remain volatile, central banks are set to adopt strategies tailored to their individual challenges, continuing the trend seen in 2024.
US President Donald Trump has taken the world by storm with swift actions in the 30 days of his second term. From ending birthright citizenship, slashing federal jobs, and more —he’s been relentless. But it is his aggressive stance on tariff policies that is causing the most concern.
Trump’s approach is aimed at addressing the trade imbalances the US faces. In 2024, the deficit in goods trade surged to a staggering $1,200 billion. His
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