Japan's Ministry of Economy, Trade and Industry: Steel production is expected to decline by 2.4% year-on-year in the first quarter of next year.
On Thursday, Japan's Ministry of Economy, Trade and Industry stated that due to a slowdown in demand in the manufacturing and construction sectors, Japan's crude steel production is expected to decline by 2.4% in the first three months of 2025.
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Historically, how did interest rate cuts end when the economy achieved a soft landing?
Goldman Sachs found that G10 central banks tend to end the easing cycle slowly and cautiously by pausing rate cuts, with nearly half of historical "soft landing" rate-cut cycles lasting more than a year. The institution believes that the Fed's statement in December aligns with the pattern of slowing down seen in the later stages of rate-cut cycles in history.
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