Federal Reserve signals rate cut as market odds fluctuate

The Business Times | Sep 18, 2019 at 12:00 AM
  • Expectations are high for the US Federal Reserve to deliver the year’s second interest rate cut on Wednesday as members conclude a hotly-anticipated policy meeting in Washington.
  • Elsewhere, futures markets, which project the odds of a rate cut, fluctuated wildly during the day on Tuesday.
  • Oxford Economics estimates the Fed will cut three more times this year, leaving the Fed’s benchmark lending rate a full percentage point lower at the end of the year, erasing all of the 2018 rate hikes.