US Fed rate cut plans likely unchanged by Trump victory

US Fed rate cut plans likely unchanged by Trump victory …C0NTINUE READING HERE >>>

Fed Chair Jerome Powell is likely to face questions about the US elections.
Photo: Mandel NGAN / AFP
Source: AFP

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.

The US central bank sits just a short walk from the White House, where Democratic President Joe Biden will soon hand back the keys to Donald Trump following the Republican’s…

>