US Fed signals rate cut as market odds fluctuate
Fed Chairman Jerome Powell has said the central bank will "act as appropriate" to sustain GDP growth (AFP Photo/ANDREW CABALLERO-REYNOLDS)/ Washington (AFP) - Expectations are high for the US Federal Reserve to deliver the year's second interest rate cut on Wednesday as members conclude a hotly-anticipated policy meeting in Washington. With the meeting underway, central bank officials on Tuesday also moved for the first time in a decade to prevent market fluctuations from pushing short-term interest rates beyond the Fed's control. US ...
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