New Delhi, July 15 -- The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research.

While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy.

It stated "While a rate cut in September remains possible, it hinges heavily on labour market softness and the inflation trajectory".

The report also noted that the Federal Reserve is expected to keep interest rates on hold for now, awaiting greater clarity on the evolving global tariff landscape and fi...