US Fed expected to cut rates amid cooling labour market, surging inflation

US President Donald Trump has continually put pressure on Der Reserve chair Jerome Powell to cut rates but economists argue market conditions, not political pressure now fuel the need for rate cuts [File: Carlos Barria/Reuters]

New York, USA – Next week, the United States Federal Reserve will hold a two-day policy meeting to decide whether to lower interest rates.

The meeting follows a months-long pause in rates and comes amid heightened pressure on the central bank.