The Federal Reserve is expected to reduce US interest rates on September 18. This is in response to the growing credit issues within the country, as well as a weakening job market. The rate cut should spark a global reaction. Domestically, it has already increased the US dollar. Reports Forbes:
There remains downside risk for the US dollar, but the worst appears to
be over unless there are more shockwaves from global stock markets, GFT
senior finance analyst Ian Copsey said.
Read more: US dollar steady as traders digest weak jobs data, Fed rate cut seen
Original post by Amy Cottrell and software by Elliott Back
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