The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect

Investors are betting the Federal Reserve will lower interest rates today for the third time this year, though there could be division within the central bank over the decision. "The decision will not be unanimous and is likely to feature dissents in both a hawkish and dovish direction," Deutsche Bank chief US economist Matt Luzzetti said. Where there might ...

Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September. More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months. In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-1/2 to 3‑3/4 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. FOMC STATEMENT COMPARE: pic.twitter.com/mc1yqrnwIP *FED SAYS SCHMID, GOOLSBEE DISSENT IN FAVOR OF NO RATE CHANGE FOMC: POLICY STATEMENT NO LONGER SAYS UNEMP RATE HISTORICALLY LOW BUT THAT 'JOB GAINS HAVE SLOWED THIS YEAR;' UNEMP RATE 'HAS EDGED UP THRU SEPT' #FOMC #FederalReserve #economy

Bitcoin has rebounded to its highest price since mid-November, crossing $94,000 ahead of the Fed’s expected rate cut today. The asset is increasingly trading within a macropolitical supercycle in which liquidity conditions, regulatory decisions, and the portfolio strategies of major institutional holders outweigh miner-driven supply mechanics, according to ...