Wednesday, 31 July 2019 10:48

The United States Federal Reserve is set to launch its fifth interest rate-cutting campaign since 1995.

The long-awaited decision comes despite many strengths in the American economy. Policymakers at the US central bank have said repeatedly that the nation's labour market looks robust.

A so-called "Insurance Cut" might be sufficient to minimise recession risks, which have multiplied because of President Donald Trump's trade war with China and a broader slowdown in economies across Europe, Asia and Latin America. Brexit concerns in the European Union add to the less sanguine outlook for Fed Chairman Jerome Powell.