US Federal Reserve in ‘no rush’ to cut rates

The US Federal Reserve is “no rush” to cut interest rates, according to CommSec’s Tom Piotrowski. Mr Piotrowski said the US markets were “under pressure” before the Federal Reserve released the minutes from their latest meeting. He noted the central bank indicated there are “risks” associated with moving too quickly when it comes to rate cuts. “So that makes sense in the context of the hotter than expected inflation figures that we have seen most recently,” he told Sky News Australia. Presented by CommSec.