Federal Reserve Chairman Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times
The Federal Reserve is overwhelmingly expected to pull the trigger on an interest rate cut when it concludes its Sept. 16-17 Federal Open Market Committee (FOMC) policy meeting.
New CME FedWatch Tool data show that investors have penciled in a 96 percent chance of a quarter-point reduction to the benchmark federal funds rate—a key policy rate that influences borrowing costs for businesses, consumers, and governments—from the current target range of 4.25 percent to 4.5 percent.
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Original News Source Link – Epoch Times
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