The Federal Reserve is widely anticipated to cut interest rates at its upcoming Federal Open Market Committee meeting, with the decision set for release on Wednesday at 2 p.m. ET.
The central bank has maintained the federal funds rate at 5.25%-5.5% since September 2023 and this week's rate reduction would be the first since March 2020, signaling a marked shift from the restrictive monetary policy stance implemented to combat soaring inflation.
Rate Cut Expectations: Will The Fed Opt For 25 Or 50 Basis Points?
The key question on everyone's mind is the magnitude of the rate cut. Will the Fed opt for a...
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