Today!! 18 Dec’24 (2:00 p.m. ET)

“Fed’s Crucial Decision: December Rate Cut Announcement and Economic Outlook”

The Federal Reserve is scheduled to announce its interest rate decision today, December 18, 2024, at 2:00 p.m. Eastern Time (ET), followed by a press conference with Chair Jerome Powell at 2:30 p.m. ET. 

The announcement will occur at 12:30 a.m. IST on December 19, 2024, with the press conference at 1:00 a.m. IST. (for Indians 🇮🇳)

The Federal Open Market Committee (FOMC) is widely expected to cut the federal funds rate by a quarter point, marking the third reduction this year, totaling a one percentage point decrease.

This decision comes amid ongoing concerns about the economy, including lower-than-expected unemployment and persistent inflation.

Chair Jerome Powell’s press conference following the decision will offer further insights into the Fed’s strategy moving forward.