Reported 3 days ago
The Federal Reserve is likely to cut interest rates in the upcoming meeting, but experts suggest it won't be a significant cut of 50 basis points due to persistent inflation pressures. The latest Consumer Price Index shows a 0.4% increase in consumer prices for August, indicating stubborn inflation despite rising jobless claims. Analysts anticipate a smaller 25 basis point cut instead, while discussions around future cuts continue amongst the Fed officials.
Source: YAHOO