Global central banks adopted a cautious tone as the Fed cut rates by 25 bps to 3.75%–4.00%, ending quantitative tightening but signaling no guarantee of further easing.
Global markets began November on a measured footing as investors digested shifting monetary signals, softer data, and renewed commodity volatility.
The Fed’s 25 bps cut kept policy in focus after Powell signaled caution on further easing.