Observer Time: September 18, 2024
Fed Meeting: On Wednesday afternoon, most people anticipate that the Federal Reserve will reveal the first cut to its main interest rate in over four years when its latest policy meeting comes to a close.
So today here at Observer Time we are going to discuss and observe the news of Fed Meeting today.
FED MEETING TODAY
A significant event of the Fed Meeting would mark the end of a period where the Fed’s decision to hike the federal funds rate to 1.75% slowed down the economy and put an end to the worst inflation in history.
The Fed has indicated that it can concentrate on protecting the job market and economy, which have already begun to deteriorate due to higher rates, now that inflation has eased considerably from its peak two summers ago.
A delicate equilibrium needs to be struck between how much the Fed will cut rates and what it is going to do, according to one source. The economy could be made more accessible to the U.S. by lowering rates, which would help ease pressures on it from the lower end of the market for U.S.
Businesses and households are required to obtain a loan. But it can also provide more fuel for inflation.
Some critics say the Fed is moving too far to protect the economy and may have missed a window to avoid a recession, exacerbating matters. Some, meanwhile, are calling for caution not to cut rates too much, as inflation is likely to be more severe than in recent years.
When is the Federal Reserve meeting today?
The Federal Reserve will hold its final policy meeting on Wednesday, which is expected to include a decision to cut interest rates.
The interest rate cut announcement will be made at 2 p.m. ET.
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