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The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know
The Federal Reserve likely will stick to the business at hand when it wraps up its meeting Thursday with another interest rate cut, but will have its eye on the future against a backdrop that suddenly has gotten a lot more complicated. Financial markets are pricing in a near-certainty that the central bank’s Federal Open Market Committee will lower its benchmark borrowing cost by a quarter percentage point as it seeks to “recalibrate” policy for an economy that is seeing the inflation rate moderate and the labor market soften. The focus, though, will turn to what’s ahead for Chair Jerome Powell and his Fed ... (full story)
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- Posted: Nov 6, 2024 3:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 8,143
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