Investors are betting that the Fed most likely will cut the federal funds rate by 25 basis points to a range of 2.00% to 2.25% at the end of its two-day meeting on July 31.(Filepic Powell)
LONDON: There will be no chance of a summer break for investors or policymakers in coming days as they brace for what might be the busiest week for the world economy this year.
The highlight is Wednesday’s decision by the Federal Reserve with markets and economists virtually united in predicting chairman Jerome Powell and colleagues will cut interest rates for the first time in more than a decade.
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