US Fed rate cut likely to be non-event for IT sector

With the US Federal Reserve all set to announce its interest rate decision on Wednesday and per experts and economists, a rate cut is almost certain, a report by JM Financial said that it will have a benign impact on the corporate balance sheet. US Fed Chair Jerome Powell-led rate-setting panel will announce the decision on the benchmark interest rate today, after a two-day Federal Open Market Committee (FOMC) meeting.