US Fed to continue cutting as fears, uncertainty deepen

White-hot panic about global trade may have eased a bit in recent weeks but the economic outlook is no easier to call for the US Federal Reserve as it prepares for a meeting on interest rates this week. While the United States and China declared another truce and odds fell that Britain will crash out of the European Union, any improvements are as liable to be suddenly dashed as lead to success. Fed Chairman Jerome Powell this month reiterated his pledge to do what it takes to keep the US economy afloat.