WASHINGTON, D.C. — The world's economic reckoning with the incoming Trump administration kicked off in earnest this week, with the US Federal Reserve (Fed) flagging fewer rate cuts, a resignation in Canada over budgeting for tariffs and heightened focus on cryptocurrencies.
The Fed cut rates as expected on Wednesday amid a busy year-end run of central bank meetings from Ottawa and Frankfurt to Tokyo and London that showed heightened uncertainty ahead of Donald Trump entering the White House in January.
