Money Minute Monday 28 October: US set for an interest-rate cut?
Today's Money Minute looks ahead to a key US interest-rate decision, plus US employment figures.
All eyes will be on the Federal Reserve this week as the US central bank announces its next decision on interest rates on Wednesday.The Fed is expected to cut interest rates by a quarter of a percentage point.However, with fears over a recession rising in the US, investors will focus on how open the Fed appears to cutting rates further in December.
If the pace of wage growth and employment gains slackens off, then that will make it easier for the Fed to justify cutting interest rates further.
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