The Fed’s FOMC is set to cut interest rates by at least 25 basis points at its policy meeting at the end of this month.
Will it settle on a cautious approach or be aggressive to monetary easing despite political pressure for deeper stimulus is the Big Q.
Recent public appearances by Fed officials have revealed a broad desire to move towards looser monetary policy to shield the US economy from risks related to trade tensions, weakness in global growth and persistent low inflation.
Fed Chairman Powell appears to be steering the bank to its 1st rate cut in almost a decade when it meets on 30-31 July, part of a global move towards monetary easing.
Have a terrific week