San Francisco Federal Reserve Bank president Mary Daly. — Reuters
Washington: The US Federal Reserve (Fed) is likely to make one or two more rate cuts this year as it recalibrates policy to focus on the labour market, a senior bank official says.
Fed policymakers voted 11-to-one in favour of cutting the bank’s key lending rate by half a percentage point last month, bringing the bank’s key lending rate down from a 23-year high.
