The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect

Published On Sep 17, 2024, 3:50 PM

The Federal Reserve is set to announce a significant interest rate decision this Wednesday, amidst uncertainty over whether they will opt for a quarter-point or a half-point reduction. Market sentiment has shifted recently, with many anticipating a more aggressive cut due to declining inflation and rising unemployment. This meeting also marks the introduction of future rate projections and potential changes in economic predictions. The decision will likely impact various financial markets and signals a shift in the Fed's approach to manage economic risks, particularly with labor market conditions.