US Fed expected to announce its first interest rate cut since 2020

US Fed expected to announce its first interest rate cut since 2020 …C0NTINUE READING HERE >>>

The Fed will likely weigh whether to move by 25 basis points, or 50.
Photo: ROBERTO SCHMIDT / AFP
Source: AFP

The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.

Senior officials at the US central bank including Fed chair Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as…

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