The Pulse Daily Global Economic Summary - September 16, 2024

**US Interest Rates: ** Market expectations for the Federal Reserve's aggressive half-point rate cut are growing. Fed Chair Jay Powell is expected to begin lowering interest rates this week as inflation concerns ease and the job market cools. Futures traders have increasingly favored a more significant rate cut than the typical 0.25 percentage points. Financial Times https://www.ft.com

**Global Trade: ** The World Trade Organization’s chief, Ngozi Okonjo-Iweala, has stressed the need for global carbon pricing to prevent trade frictions. Unilateral green taxes by the EU and other regions could disrupt international commerce, prompting calls for a coordinated global response Financial Times https://www.ft.com

**US Employment: ** As inflation and worker demand decrease, US companies are expected to reduce the size of pay rises. This shift reflects a loosening job market, signaling employers no longer need to offer high wage increases to retain staff Financial Times https://www.ft.com

**China’s Economic Outlook: ** The Chinese economy is showing signs of faltering, with slow momentum raising expectations that Beijing must introduce further stimulus measures Financial Times https://www.ft.com

**Global Growth Prospects: ** While there are positive indicators of economic growth in certain regions, concerns persist about global economic stability. For instance, discussions about potential stagnation in the upcoming decade are ongoing, with policymakers weighing options to promote more sustainable economic growth Financial Times (https://www.ft.com).

Source: https://www.ft.com

‍