US Fed Meeting LIVE: Jerome Powell-led FOMC to unveil second policy decision for 2025; Wall Street eyes rate pause
US Fed Meeting LIVE: The US Federal Reserve will announce its second policy decision for 2024 after a two-day Federal Open Market Committee (FOMC) meeting today amid stagflationary risks threatening the US economy due to US President Donald Trump's tariff hikes which have escalated a global trade war.Wall Street eyes the US central bank to hold the benchmark interest rate steady in today's monetary policy verdict amid the volatile trade policy and economic uncertainty hurting the world's largest economy. Economists have sounded alarm about ‘stagflation’—a combination of still-high inflation and a weak or stagnant economy after sharp cuts to government spending and layoffs.Also Read: US Fed to unveil policy verdict amid ‘stagflation risk’, chief Jerome Powell eyes rate pause: 5 key things to know
US Fed eyes interest rate pause?Earlier this month, US Fed chief Jerome Powell said at a New York research conference that the US Federal Reserve is likely to keep its benchmark interest rate unchanged in the coming months as it waits for widespread uncertainty stemming from Donald Trump's policies.
Powell signalled potential tweaks for the closely watched ‘dot plot’ interest-rate projections as part of the policy review.Economists use those dots to guide what the US Fed sees as most likely to happen regarding interest rates. US Fed policymakers on the rate-setting committee will also publish updated economic forecasts today, with many analysts anticipating trade uncertainty could cause them to increase their inflation outlook slightly and downgrade their predictions for growth.Also Read: US Fed chair Jerome Powell signals rate pause over tariff-led economic uncertainty, ‘dot plot’ tweak likely aheadUS Fed policy decision in
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