Reported 23 days ago
The Federal Reserve, along with other major central banks, is anticipated to lower interest rates in the week following the US presidential election on November 5. This decision aligns with existing economic pressures and a gradual move away from higher borrowing costs. Analysts predict a quarter-point rate cut soon after September's reduction, influenced by weak job growth data and uncertain election outcomes. While central banks face a variety of economic risks, they aim to navigate monetary policies amid political developments.
Source: YAHOO