Fed officials set to cut rates for the first time in 4 years
Published On Sep 18, 2024, 5:00 AM
The Federal Reserve is poised to make its first interest rate cut in four years, likely reducing rates from 5.25%-5.5% to 5.0%-5.25%. While expectations have shifted toward a potential larger cut of 50 basis points, most analysts predict a smaller, more cautious 25 basis point decrease. The Fed's decision marks a significant change in its approach to controlling inflation as it focuses more on labor market conditions. The outcome of the meeting will set the stage for future monetary policy and offers insights into how the Fed plans to navigate economic uncertainties.