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International Business Times
International Business Times
Business
Daniel AVIS

US Fed To Debate Rate Cut In Shadow Of Presidential Election

United States Donald Trump Kamala Harris the US Federal Reserve Interest Rates Jerome Powell US Federal Reserve
Fed Chair Jerome Powell, seen in Washington in September 2024, will convene a meeting of top officials to set the US central bank's key interest rate target (Credit: AFP)

The US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades.

Opinion polls show Democratic Vice President Kamala Harris and Republican former president Donald Trump in a dead heat ahead of Election Day on Tuesday.

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