🚨Fed decision day: Here's what to expect from the most important rate call in years😱
👉 -- The Federal Reserve is expected to lower interest rates on Wednesday for the first time in over four years, reversing the restrictive measures put in place to control inflation. However, there is ongoing debate over the size of the rate cut.
👉Their decision on how to begin this easing cycle - just under two months before a closely contested U.S. presidential election - will likely depend more on the message that Chair Jerome Powell and the Fed policymakers want to send as they shift from the highest interest rates in 25 years, rather than on immediate macroeconomic concerns.
A half-percentage-point cut, now seen as having over a 60% probability in futures markets, would signal the Fed's commitment to maintaining economic expansion and job growth, which Powell has emphasized as a priority, with inflation nearing the 2% target.
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