Economics
After 32 Rate Cuts in 2019, Traders Say Many More Are Coming
- Policy makers eased by a cumulative 13.85%, according to BIS
- Interest-rate markets are pricing around 58 additional cuts
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Central banks have delivered 32 interest-rate cuts globally this year as a worsening U.S.-China trade war drags down global economic growth. Swap markets suggest we’re not even at the halfway mark for cuts yet.