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Why Fed rate cuts matter to world markets

LONDON — When the Federal Reserve delivers a widely anticipated interest rate cut on Wednesday, its first in four years, the move will resonate well beyond the United States.

The size of a first move and the scale of overall easing remain open to debate, while a looming US election is another complicating factor for global investors and ratesetters looking for a steer from the Fed and pinning hopes on an economic soft landing.