Officials from three of the world’s leading central banks have now hinted at potential interest rate cuts in the upcoming months. This move comes as the global economy continues to recover from the inflationary effects of the pandemic. What Happened: Jerome Powell, the Chair of the Federal Reserve, suggested at an annual gathering of global policymakers and economists in Jackson Hole, Wyoming, that the U.S. central bank is likely to lower rates in September. Several members of the European Central Bank’s Governing Council, including Olli Rehn of Finland, Martins Kazaks of Latvia, Boris Vujcic …
