US Federal Reserve predicted to hold interest rate cuts until September

Forecasters have predicted the US will push its interest rate cut decision from June to September, says Sky News Business Reporter Edward Boyd. “It was originally June was what everyone was expecting,” Mr Boyd said. “And then we’ve seen inflation – just like Australia – sticking around a bit longer than expected in the US. “So forecasters there have now pushed those rate cut decisions back to September. “But we will hear from Jerome Powell, the head of the US Federal Reserve, early tomorrow morning.”