US Fed likely to announce its first interest rate cut since 2020; question is how big, and how many

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US Fed likely to announce its first interest rate cut since 2020; question is how big, and how many - Malay Mail

Quick Summary:

WASHINGTON, Sept 15 — The Federal Reserve is gearing up to announce its first interest rate cut for more than four years...

The debate among policymakers on Tuesday and Wednesday this week will likely center on whether to move by 25 or 50 basis points.

It has held its key lending rate at a two-decade high of between 5.25 and 5.50 percent for the past 14 months, waiting for economic conditions to improve.