Moody's: Expect Fed will likely cut Federal funds rate later this year

After the latest dovish appearance of the US Federal Reserve, Global rating giant Moody’s came out with the statement saying that is expects Fed will likely cut Federal funds rate later this year if financial conditions significantly tighten amid increased trade tension.

The statement further mentioned that the FOMC’s decision to hold Fed funds rate is consistent with view that while growth is moderating, data continues to present solid economic performance.