Reported 28 days ago
The Federal Reserve is expected to announce a 25 basis point reduction in interest rates during its upcoming meeting, as policymakers aim to mitigate recession risks while grappling with persistent inflation pressures. Recent data showed consumer prices rose 2.5% in August, indicating a cautious approach towards further rate cuts, with traders now expecting a year-end policy rate between 4.25%-4.50%.
Source: YAHOO