Big central banks move to wait-and-see mode

Led by the U.S. Federal Reserve's(pic) nearly yearlong pivot away from a tightening bias, rate setters from Australia to Brazil and the euro zone to the Philippines have lowered borrowing costs in recent months to blunt the headwinds from global trade tensions

WASHINGTON/FRANKFURT/TOKYO: Easing come. Easing go.

A concentrated burst of interest rate cutting and other measures to loosen global financial conditions by the world's central bankers looks to have largely run its course, and policymakers now appear content to wait and see if their handiwork staves off a deeper slowdown in the months ahead.