FED rate cut impact on the USA and worldwide economy

When the Fed raises rates, it helps control inflation in the U.S. However, the ripple effects can lead to inflation in other parts of the world. For example, a strong dollar can make imported goods more expensive for countries that depend on buying from abroad, pushing up their prices.
The Federal Reserve’s decisions about interest rates have a big impact on the global economy. From affecting trade and investments to influencing inflation & currency values, what the Fed does in the U.S. sends ripples around the world. In today’s interconnected global economy, the actions of one country’s central bank results affect associated relevant others.