Summary
- The Federal Reserve is expected to deliver its first interest rate cut in four years on September 18, 2024.
- Global markets are watching the size of the rate cut and overall easing, with uncertainty around the impact of a U.S. election.
- Lower U.S. rates could provide emerging market central banks with more flexibility to ease and support domestic growth.
- The dollar may not weaken significantly after U.S. rate cuts, impacting currencies in emerging markets.