Markets will seek clues on the outlook for further rate reductions in new projections and at Fed Chairman Jerome Powell’s press conference
The Federal Reserve is likely to cut its short-term benchmark rate by one quarter percentage point to a range between 1.75% and 2% at the conclusion of its two-day meeting on Wednesday. The big question is what kind of clues the central bank offers about any more rate reductions.
Hints could be provided in the Fed’s new policy statement and economic projections, to be released at 2 p.m. EDT, and at Chairman Jerome Powell’s press conference at 2:30 p.m. Here’s what to watch:
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