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Fed under considerable pressure to cut (video)

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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.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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