The ASX is set to rise a fifth of a percent on Thursday according to futures around 8.30am Sydney time. Overnight, the US Federal Reserve made its latest interest rate decision; keeping rates on hold but signalling a September cut is still likely. That could cause interesting side effects down under, especially if the RBA decide to hike rates next week. While local trimmed mean inflation came in just under 4 percent on Wednesday, it’s still at 3.9 percent, which is more or less the same thing as four percent. Whether the RBA hikes rates at its next meeting is, for all intents and purposes, a 5…