Dubai – Masaader News
US Federal Reserve is seen launching on Wednesday its fifth interest rate-cutting campaign since 1995. It will come despite many signs of strength in the US economy, according to Reuters.
Policymakers at the US central bank have made clear they think the nation’s labor market looks pretty solid. Some have said the Fed may cut rates just once this time.
A so-called insurance cut might be just enough to reduce the risks of recession, which have grown because of the Trump administration’s trade war with China and a slowdown in economies across Europe, Asia and Latin America.