U.S. Fed ‘under considerable pressure’ to trim rates: Market analyst
Looking ahead to Wednesday’s policy announcement from the U.S. Federal Reserve, Craig Erlam, senior market analyst at OANDA in London, says “the Fed is under considerable pressure from the White House” to indicate a rate cut is coming. But Erlam also says if there’s good progress in China-U.S. trade talks, it’s possible the Fed may not cut all before the end of the year.
Source – BNN Bloomberg
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.