The Federal Reserve is set to lead a global 24-hour interest rate cut on Wednesday, as central banks in key economies, including Japan, the Nordics, and the UK, make decisions over the next day. This flurry of moves marks the end of a year in which inflation subsided enough for monetary policy easing to begin in most advanced economies. The US announcement will be closely watched, alongside peers in China, the euro-zone, and other major jurisdictions.
Source: https://www.bloomberg.com/news/articles/2024-12-14/fed-interest-rates-24-hours-of-cuts-that-end-year-of-global-easing