Fed to cut rates on Oct. 30 and again in Q1 2020 - Reuters Poll
|The US Federal Reserve (Fed) is expected to cut rates by 25 basis points at its Oct. 29-30 meeting, despite record low unemployment, according to a Reuters poll of economists.
Key points
The Fed will cut interest rates by 25 basis points to 1.50%-1.75% next week.
Another rate cut could be seen early next year, following which the central bank will likely stand pat for the rest of the year.
75% of economists said the recent trade development between Washington and Beijing was not a turning point in easing uncertainty.
A majority of economists, 27 of 45, also said US-China trade relations would stay about the same between now and the end of next year.
The median probability of a US recession in the next 12 months rose to 35% from 30% predicted a month ago.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.