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During a testimony before the House Financial Services Committee yesterday, the Federal Reserve (Fed) chair, Jerome Powell, strongly hinted at the possibility that the Fed could soon cut interest rates.
The final decision, which may come about due to Donald Trump's trade war creating risks to the US economy and a global economic slowdown, could be made later this month when the Fed will have its next meeting, according to the New York Times.
|remaining time till the new event being published|
- UK retail sales rose sharply in July
- Swiss producer and import price index fell by 0.1% in July
- Japan financial minister Aso says he hopes markets will calm down
- China's new home prices firm in July - NBS