US Fed Meeting, July 30 -- Even as markets have largely priced in the possibility of a status quo on interest rates by the US Federal Reserve, investors are keen on picking up signals from Chair Jerome Powell's commentary that rate cuts may not be far off and could begin as early as September.

The US Federal Open Market Committee meeting is underway, with the outcome due later today, July 30. The US Fed's next policy meeting is scheduled for September 16-17.

At this juncture, the Fed may maintain the federal funds rate in the 4.25 per cent to 4.50 per cent range, given the uncertainty over how the tariffs announced by US President Donald Trump will affect the economy - even as Trump continues to mount pressure on Powell to lower rates....