Investors will focus on the Federal Reserve’s outlook for the US economy when the central bank finishes its two-day meeting to set interest rates on Wednesday.
Markets overwhelmingly expect borrowing costs to remain unchanged at between 4.25 and 4.5 per cent, based on futures markets prices.
Instead investors will try to gauge chair Jay Powell’s views on future rate moves as companies and consumers assess the consequences of President Donald Trump’s on-off tariff actions.
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