There is still room for the U.S. Federal Reserve to cut interest rates, the International Monetary Fund’s (IMF) chief economist suggested ahead of the latest decision on rates from the central bank on Wednesday.
The Fed is widely expected to clear the way for a July interest rate cut by downgrading their economic forecast, tweaking the language in their statement and reducing their interest rate forecasts. Many analysts are now pricing in two rate cuts by the end of 2019. The Fed’s decision on interest rates is due at 2 p.m ET on Wednesday.
