Rate cut could lift consumer spirits before US elections

Rate cut could lift consumer spirits before US elections …C0NTINUE READING HERE >>>

The Fed’s decision could help boost consumer confidence.
Photo: Mandel NGAN / AFP
Source: AFP

The US Federal Reserve’s decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November’s presidential election.

Analysts expect any economic impact of the first rate cut for four years to be modest, and some see it as having only a marginal impact on voting.

But that could still move the needle in an election where Democratic Vice…

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