The Federal Reserve officials have opted to cut interest rates by 25 basis points — which falls in line with what Wall Street has been pricing in — at the central bank’s September FOMC meeting on Wednesday. Fed Chair Jerome Powell will deliver remarks on the decision this afternoon.
Yahoo Finance senior Fed correspondent Jennifer Schonberger reports more on this, the central bank’s economic projections and plans for future rate cuts in 2025, and newly-appointed Fed Governor Stephen Miran’s dissent in pushing for a 50 basis point cut.
Also, we speak with Gregory Daco, EY-Parthenon Chief Economist and JPMorgan Asset Management Global Market Strategist Meera Pandit about the Fed’s decision to cut rates 25 basis points, the outlook for future Fed rate cuts and what it means for markets.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here: https://finance.yahoo.com/videos/series/market-domination/
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