Reported about 14 hours ago
The Federal Reserve is set to reduce its key interest rate by 25 basis points next week, with another cut expected in December, according to a recent Reuters poll of economists. While concerns about elevated inflation and a weakening labor market persist, Fed officials seem to prioritize job market stability. A government shutdown has complicated the clarity of economic data, leading to diverging opinions among economists about future rate paths, contributing to uncertainty about the Fed's direction in 2026.
Source: YAHOO