US dollar to feel the squeeze

THE global economic landscape is entering a new phase, with inflation cycles easing and central banks worldwide shifting gears from aggressive tightening to cautious rate reductions. This transition reflects sharp declines in inflation since pandemic-era peaks, enabling many countries to realign monetary policy.

While the pace varies across nations – emerging markets have been faster in cutting rates, with others only beginning to follow suit – an overarching trend of disinflation is evident, though not without potential unevenness.