The Fed made an unexpected half-point rate cut, its first since 2020, as it aims to balance robust employment with its inflation target. Learn more about the economic implications, market reactions and future projections.

UBS sits in the 25-basis point rate cut camp, as the investment bank said it anticipates that Jerome Powell and the rest of the FOMC will decide on a 25-basis point rate cut at the upcoming Wednesday FOMC meeting.

Having held the fed funds rate steady for well over a year, the time has now come for the FOMC to begin policy normalisation. The September FOMC should bring