Those keen on investing in property USA may be about to get a new boost with expectations growing that the Federal Reserve will make another rate cut this month.

At present the Federal Funds rate stands at one per cent, with the Federal Reserve having made several cuts in recent months.

This week a poll of economists by Bloomberg produced a consensus that the next meeting – to be held on December 16th – will see a further reduction of between 0.5 per cent and 0.75 per cent.

Such a move could boost property USA buyers by lowering mortgage rates.

Although some have recently suggested the US could be headed for a comparable downturn to the 1930s Great Depression, Federal Reserve chairman Ben Bernanke has dismissed the idea.

Mr Bernanke said in a speech that there is "no comparison" between then and now, pointing out that his knowledge of the 1930s slump extends to him writing books on the subject.

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