Sep FOMC meeting: What to expect?

The Federal Reserve kicks off its two-day meeting Tuesday, and is widely expected to decide to cut interest rates by 25 basis points on Wednesday. The rate decision will be accompanied by a fresh set of projections, including on the future rate cut outlook, and attention will be on the Fed’s ability to maintain its independence from political pressure. For Vietnam, a Fed rate cut is expected to bring several positive impacts, including supporting exchange rate stability, encouraging capital inflows, and helping to stabilize the domestic gold market.