US Fed to kick off rate cuts, signal next steps
Wednesday, 18 September 2024
The Federal Reserve is anticipated to reduce interest rates this week after keeping them at a two-decade high. While most forecasters expect a quarter-point cut, some believe a half-point reduction is possible. The decision will be revealed on Wednesday, with further insights from Fed Chair Jerome Powell. Economists are divided on whether and how policymakers would signal future cuts in the statement.
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