US Fed set to make first rate cut since 2020

US Fed set to make first rate cut since 2020 …C0NTINUE READING HERE >>>

Federal Reserve chair Jerome Powell indicated in recent weeks that a rate cut was coming in September.
Photo: ROBERTO SCHMIDT / AFP/File
Source: AFP

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.

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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