Reported 1 day ago
The Federal Reserve's next policy meeting is set for October 28-29, where a rate cut is anticipated due to concerns over a weakening labor market. Analysts predict a decrease in the fed funds rate by 0.25% to a range of 3.75% to 4%, the lowest since December 2022. The cut aims to lower borrowing costs and support job growth amidst rising inflation pressures and a slowing job market. However, the ongoing government shutdown may delay crucial economic data, complicating decision-making.
Source: YAHOO