In a move anticipated by many, though surprising in its size, the Federal Reserve cut rates by 50 basis points in September. This significant reduction is expected to lower borrowing costs over the coming months, offering a positive outlook for inflation control, consumer sentiment, and borrowing power for individuals and businesses. However, the long-term effects and whether the Fed can engineer a “soft landing” for the economy remain uncertain.
Container Shipping Costs Drop Amid Sluggish Demand
After a steady rise in global container shipping rates, recent months have seen a notable decline, with rates from China to the U.S. dropping by