The U.S. Federal Reserve will reduce its key interest rate by a quarter-percentage point at the December 9-10 policy meeting to support a cooling labour market, according to a majority of over 100 economists surveyed by Reuters.

Potential signs of trouble are popping up again in the form of tighter conditions in short-term funding markets, which act as the indoor plumbing of the financial system, and this may require the Federal Reserve to take action relatively soon.

We begin in the US, where bond investors have told the Treasury they are concerned about Kevin Hassett’s potential appointment as Federal Reserve chair, worrying he will cut interest rates aggressively to please President Donald Trump.

By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Dec 4 (Reuters) - Global shares and the dollar on Thursday were mostly higher as traders await a Fed interest rate cut, although Wall Street stocks were mostly flat after a batch of economic data.

American investor and Shark Tank star Kevin O’Leary is pushing back against the growing conviction that the U.S. Federal Reserve will cut interest rates in December and against the idea that crypto investors should be betting big on that outcome.