The ASX200 is set to fall more than a third of a percent, following a subdued performance on Wall Street, as US investors await a rate cut decision from the Federal Reserve to be announced later this week. The S&P 500 and the Dow Jones recorded miniscule changes after both hitting records, while the Nasdaq moved up 0.2%. The FOMC (Federal Open Market Committee) begins its two-day meeting today, and investors are expecting this will result in a rate cut – the first since 2020 – although there is some disagreement about whether this will be by 25 or 50 basis points (bps). Looking at mega cap per…
