US Fed to debate rate cut in shadow of presidential election tomorrow

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WASHINGTON, Nov 4 — The US Federal Reserve is widely expected to cut interest rates again this week, while votes are bei...

The Fed’s two-day rate meeting begins on Wednesday, and is expected to result in a quarter percentage-point rate cut the following day.

However, given that any changes to the Fed’s independence require Congressional approval, it is unlikely that a Trump victory would lead to a significant change to the way the US central bank currently operates.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaGeorgiaUnited States

Topics: US Federal Reserve US presidential election Interest rate hikes

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 12:31:22 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 605 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23389850

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About Malay Mail

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Official Website: malaymail.com

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News Last Updated: 19 hours ago

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