US Federal Reserve likely to cut interest rate for third straight time | Key points
3 months, 1 week ago

US Federal Reserve likely to cut interest rate for third straight time | Key points

Hindustan Times  

The US Federal Reserve is likely to cut interest rate for a third straight time, when Fed officials meet in Washington on Wednesday. US Fed rate cut: Here's all you need to know The US central bank is widely expected to lower its benchmark rate by a quarter percentage point, Bloomberg reported. However, such a decision by the Fed would take the benchmark rate at well above the 2.9% median estimated at the September meeting. Tim Duy, chief US economist for SGH Macro Advisors, said he expects the Fed to hold the rate steady in January after cutting it this week.

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