US Fed to kick off rate cuts, signal next steps

Quick Summary:

The Federal Reserve is anticipated to reduce interest rates this week after keeping them at a two-decade high.

While most forecasters expect a quarter-point cut, some believe a half-point reduction is possible.

The decision will be revealed on Wednesday, with further insights from Fed Chair Jerome Powell.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: India

Topics: Interest rates Jerome Powell Rate cuts JPMorgan Chase FOMC Federal Reserve US Fed

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 11:06:01 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1170 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22573937

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 23 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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