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US Fed Meeting Live Updates: The United States Federal Reserve's (US Fed) Chair Jerome Powell is expected to announce the first rate cut in over four years, since 2020, at a press conference today after concluding the two-day monetary policy meeting from September 17-18. The estimated US Fed rate cut will be announced AFP months ahead of the US presidential elections scheduled for November 2024.

Asian stocks rose before a Federal Reserve policy decision, with traders still split on the size of an anticipated interest-rate cut. Japanese shares led regional gains as the yen’s slide on Tuesday boosted the outlook for the nation’s exporters. The dollar bounced in New York following stronger-than-expected retail-sales data. Hong Kong is shut for a holiday, while Chinese stocks listed on mainland markets will resume trading after a break.

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Rep. Patrick McHenry (R–N.C.) sharply criticized other politicians on Tuesday for making public comments about what the Federal Reserve should do with its interest rate policy.

EY-Parthenon chief economist Gregory Daco outlines why the Fed will gradually cut interest rates and not get too aggressive on «Making Money.»

Subscribe to enjoy similar stories. The Federal Reserve is set to cut borrowing costs at its two-day meeting that ends Wednesday. The goal: preserve a solid job market now that price pressures have cooled.

Subscribe to enjoy similar stories. The longed-for moment is almost here. For two and a half years, ever since America’s Federal Reserve embarked on its fastest series of interest-rate rises since the 1980s, investors have been desperate for any hint of when it would reverse course.

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Former Treasury Secretary Steven Mnuchin reacts to the former presidents address to the Economic Club of New York on Kudlow.

inflation) diminishes gold’s appeal: from a yield perspective, investors are better off holding treasury bonds rather than a non-yielding asset like gold. Read this | Are sovereign gold bonds the new ‘gold standard’ in investing? In recent months, however, US bond yields have declined, driven by expectations of easing monetary policy, and they’ve fallen more than inflation. From January to August, the two-year treasury yield dropped by 33 basis points (bps), and the 10-year yield fell 24 bps, while inflation decreased by 20 bps between January and July.

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Foreign investors infused nearly ₹11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of ₹34,252 crore in April-May.

Fed Chief Jerome Powell unambiguously stated at the Jackson Hole Economic Symposium that “the time has come for policy to adjust.” Clearly, barring unforeseen circumstances, the rate-cutting cycle in the US will start in September. Powell’s comment, “the upside risk to inflation has diminished and the downside risk to unemployment has increased,” is, without any doubt, a more dovish message than the markets had expected.

«There is nothing which signals a slowdown. All leading indicators just say that it is just back to getting normal. The other point Federal Reserve has to keep in mind is, what is the runway they have? Look, they started from zero percent and which was anyway a very abnormal emergency measure,» says Anurag Singh, Managing Partner, Ansid Capital. At Jackson Hole, we heard the Fed chair, Jerome Powell, saying that the time has come for policy to adjust. The direction of travel is clear, he said, and the timing and pace of rate cuts is going to depend on incoming data. The evolving outlook, the balance of risks and he also said that it seems unlikely that the labour market is going to be a source of elevated inflationary pressures any time soon. We do not seek, he says, or welcome further cooling in the labour market conditions. But looking at the labour data now with some pockets in the market supporting this 25 basis point rate cut in September, November, and December, what is your sense of the size and pace of rate cuts that the Fed will go with? Anurag Singh: First of all, there is no panic in the economy anyways. So, there is no point, markets can behave and do what they do. But the economy overall is just getting back to normal. I mean, you see all the unemployment rate, quits rate, hiring rate, ratio of unemployed to jobs those kind of numbers are just about getting back to where they were in 2019 or 2020, just before the pandemic started.

Stocks, bonds and major currencies held to tight ranges Friday as traders prepared for US jobs data that will help determine the size of a Federal Reserve rate cut later this month. Shares in Japan fluctuated, as the yen stabilized after a rally this week, while those in Australia were little changed. Futures for US equities slipped after the S&P 500 ended Thursday lower. Pre-opening trading of Hong Kong securities was shut Friday due to Super Typhoon Yagi.

Former Trump administration economist Stephen Moore analyzes what it means for the macroeconomy if job growth was significantly overestimated.

Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence the size of a likely interest rate cut this month.

The Bank of Canada is widely expected to deliver a third consecutive interest rate cut on Wednesday as inflationary forces continue to cool on both sides of the Canada-United States border.

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

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interest rate cut in the cards at their Sept. 17-18 meeting. By the end of last month, when Federal Reserve Chair Jerome Powell said it was time to start lowering borrowing costs, nearly all of his colleagues thought so too. In large part, that was because a wide range of data moved in one direction. That pushed Fed policymakers to reassess the risks to their outlook, including whether their chief concern should be persistent inflation, labor market weakness, a deterioration in business or household financial conditions, a potential policy mistake, or some combination of those factors.