Fed takes centre stage as investors hope for cuts

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Fed takes centre stage as investors hope for cuts

Jerome_Powell_Fed_PA
(190130) -- WASHINGTON, Jan. 30, 2019 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington D.C., the United States, on Jan. 30, 2019. The U.S. Federal Reserve on Wednesday left interest rates unchanged, in line with market expectations, reaffirming its position to be patient with future rate hikes. (Xinhua/Ting Shen) | Ting Shen/Xinhua News Agency/PA Images

The US Federal Reserve is expected to cut its interest rates by 25bp on Wednesday, but investors are keeping a close watch on what the central bank says when it makes its policy announcement. Many are likely to be disappointed unless it hints at bigger cuts in the coming year.

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