The US Federal Reserve has today added 75 billion dollars into the financial system after the sharp rise in the short term repo-rates, Financial Times reports today.
The Fed started its open-market committee (FOMC) meeting today and the press conference is expected to be tomorrow after the two-day meetings.
The Central bank is expected to cut rates again, although the decision to cut rates in July was made by 8-2 votes. During the summer and autumn time the US China trade tensions have continued and for example the German negative gdp during the second quarter this year showed slowing economic growth. The US inflation was 1,6 % in July, below the Fed target 2 %.