US Fed to cut rates again

WASHINGTON, Sept 15 (AFP): Facing a dauntingly uncertain economic horizon and ceaselessly pelted with insults and demands for stimulus from the US president, the Federal Reserve is set to cut interest rates in the coming week.

Though Chairman Jerome Powell has at times struggled to send markets a clear message, since announcing the first rate cut in a decade over the summer he has sent signals that lower rates are coming.

In speeches and public appearances, Powell promised the Fed will "act as appropriate" to preserve the current expansion.

While the world's largest economy is in a "good place," he has warned of "significant risks" to a deteriorating outlook, persistently low inflation and a trade war that looks set to drag on-views echoed by influential New York Fed President John Williams.