US Fed Meeting Live Updates: FOMC may hold interest rates as Powell to likely deliver hawkish policy amid high inflation
livemint.comRead hereThe US Federal Reserve is widely expected to keep its current interest rates unchanged during the meeting on September 19-20 despite persistent inflation levels exceeding the central bank's target range while the US economy remains resilient. The US Fed has been raising rates since March 2022 and this could be the second time since then that the Fed may maintain a pause on interest rate hikes.
While a pause seems highly likely, the possibility of a rate cut is extremely feeble at this juncture.Markets across the globe will closely watch what the US Fed Chairman Jerome Powell says about inflation and the US economy.The US Federal Reserve Chairman Jerome Powell-led Federal Open Market Committee (FOMC) will announce its September monetary policy decision today. The two-day FOMC meeting began on September 19 and will end today.
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