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The prevailing thinking is that the Fed will not rush in slashing rates aggressively, being cognisant of the risk of a resurgence in inflation akin to in the 1970s.
PHOTO: REUTERS
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SINGAPORE - With the US Federal Reserve poised to announce its first interest rate cuts in over 4½ years, it is only a question of the magnitude of the move.
According to the CME FedWatch Tool, traders last week were still betting on a 69 per cent chance that the US central bank reduces rates by just 25 basis points (bps) when it meets on Sept 17 and 18.
