The Federal Reserve is arranging to hold an emergency meeting within a week, during which the first interest rate cut of 0.25% will be implemented.
In separate news, the US market’s expectations for the number of rate cuts increased from 2 to 5 times, which means an expected announcement of a rate cut with every upcoming meeting.
As Fed member Goolsbee said, in response to a question about an emergency rate cut: “Everything is always on the table, including increases and cuts.”