[Global Central Banks Cut Rates 168 Times Over the Past Year, Fed May Cut Twice More This Year] According to data from Kobeissi Letter, global central banks have cut interest rates 168 times over the past 12 months, the third-highest this century, trailing only the 249 cuts following the 2008 financial crisis and the 196 cuts during the early stages of the 2020 pandemic. Although the Federal Reserve joined the rate-cutting trend relatively late, it is expected to cut rates twice more by the end of the year, indicating a global shift toward looser monetary policy.