The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting later on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.

Traders expect the Fed to cut rates aggressively in an effort to stop haemorrhaging in financial markets and boost the flagging economy. The Fed is expected to announce its decision around 2:15 p.m. (1815 GMT).

Read more at Reuters

No related posts.