With the warm evenings of summer starting to take hold, the baseball season in full swing and the eyes of the media on the first of two expected debates between President Joe Biden and former President Donald Trump,

New Zealand’s central bank will cut interest rates further and faster than it says it will as the economy contracts and inflation slows, according to investors and some economists.

In the end, the Fed decided to go big. The Federal Reserve lowered its key interest rate by a hefty half percentage point Wednesday, moving ahead with its first rate cut in four years and cheering markets that expected an emphatic move amid a softening jobs picture.