Reported 21 days ago
The Federal Reserve is widely anticipated to reduce interest rates for the first time in four years on Wednesday, with speculation about whether the cut will be 25 or 50 basis points. As inflation trends downward, the Fed’s focus has shifted to the job market, which has shown signs of weakness. Fed Chair Jerome Powell is expected to clarify the decision and outline future rate cut projections in a press conference after the meeting, marking the beginning of a new phase in monetary policy.
Source: YAHOO