US Federal Reserve ‘pricing in’ 0.5 per cent rate cut in September

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Sky News Business Editor Ross Greenwood says there is a “more than a serious chance” the US Federal Reserve will cut rates this September.

The Reserve Bank of Australia has kept the official cash rate on hold at 4.35 per cent in August.

“They are not just pricing in a quarter of a per cent rate cut, they are pricing in a half of a per cent rate cut,” Mr Greenwood said.