US Fed expected to announce its first interest rate cut since 2020
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The Federal Reserve is set to announce its first interest rate cut since March 2020 on Wednesday, with discussions on whether to cut by 25 or 50 basis points. Fed chair Jerome Powell and senior officials have indicated a rate cut is likely as inflation approaches the 2% target and the labor market cools. The Fed's key lending rate has been held at 5.25-5.50% for 14 months. Analysts expect a 25 basis point cut, with Goldman Sachs forecasting three cuts of 25 basis points each in 2024. The decision comes less than two months before the US presidential election, with Donald Trump running against Kamala Harris.
#FederalReserve #InterestRates #JeromePowell #Inflation #Economy #2024Elections #DonaldTrump #KamalaHarris #EconomicPolicy #FinancialMarkets
https://www.citynewsokc.com/news/us-fed-expected-to-announce-its-first-interest-rate-cut-since-2020/article_ba99f7b8-7486-5ed8-b11c-29e5c345babb.html
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2024-09-15 21:38:20
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2024-09-15 21:38:20Event JSON
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"content": "US Fed expected to announce its first interest rate cut since 2020\n==========\n\nThe Federal Reserve is set to announce its first interest rate cut since March 2020 on Wednesday, with discussions on whether to cut by 25 or 50 basis points. Fed chair Jerome Powell and senior officials have indicated a rate cut is likely as inflation approaches the 2% target and the labor market cools. The Fed's key lending rate has been held at 5.25-5.50% for 14 months. Analysts expect a 25 basis point cut, with Goldman Sachs forecasting three cuts of 25 basis points each in 2024. The decision comes less than two months before the US presidential election, with Donald Trump running against Kamala Harris.\n\n#FederalReserve #InterestRates #JeromePowell #Inflation #Economy #2024Elections #DonaldTrump #KamalaHarris #EconomicPolicy #FinancialMarkets\n\nhttps://www.citynewsokc.com/news/us-fed-expected-to-announce-its-first-interest-rate-cut-since-2020/article_ba99f7b8-7486-5ed8-b11c-29e5c345babb.html",
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