With Fed's rate cut at hand today, debate swirls over how big a move

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With Fed's rate cut at hand today, debate swirls over how big a move - Business Standard

Quick Summary:

EDT (1800 GMT) along with updated economic projections that will show how much lower policymakers anticipate rates will fall over this year and in 2025.

It would align with the cautious approach policymakers said they were taking towards rate cuts, and track economic data that has shown the economy slowing but not, seemingly, about to crack.

Inflation by the Fed's most watched measure is now about a half a percentage point away from the central bank's target, and expected to come down gradually through the rest of 2024 and next year.