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. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Academic study reveals that crypto extortion is on the rise FX Street 3 years 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,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
