Global central banks have initiated a significant wave of monetary easing, with September witnessing the largest amount of rate cuts since the height of the COVID-19 crisis. The U.S. Federal Reserve led this trend with a dramatic 50 basis points rate cut on September 18, causing the CFR Index of Global Easing to plummet from -2.46 to -8.60, its lowest reading since March 2022. This move was part of a broader pattern, with 21 interest rate cuts conducted globally in September, marking the third largest month of monetary easing since April 2020. Major central banks, including the ECB, BoC, Riksbank, BoE, FOMC, and SNB, are expected to continue this trend with further cuts in the coming months. Financial markets are now pricing in significant rate cuts, with the UK rate futures indicating a potential 42 basis points cut by the end of 2024, up from 36 basis points earlier. The Bank of England is anticipated to deliver a 25 basis points cut at its next meeting. Canada is also expected to cut rates with a 70% probability of a 50 basis points reduction.