US Fed LIVE | Is the Recession Over? Fed Meeting Hints at Rate Cut! | Jerome Powell | CNBC Awaaz
This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery.
Will it be the traditional quarter-percentage-point, or 25-basis-point, rate reduction, or will the Fed take an aggressive first step and go 50 basis points, or half a point? Fed watchers are unsure.
Beyond the quarter vs. half debate, this will be an action-packed Fed meeting, with updates on projections for rates cuts in the future as well as adjustments to economic estimates. This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery. While markets have made up their collective mind that the Fed is going to lower interest rates, there’s a vigorous debate over how far policymakers will go.
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