Fed Expected to Cut Rates, Pause Further Cuts

The Federal Reserve is poised to cut interest rates by a quarter percentage point at its December meeting, marking the third cut this year and potentially signaling a pause in further reductions. This decision comes amidst a softening job market and concerns about inflation, which remains above the central banks two percent target. Fed Chair Jerome Powells press conference will be closely watched for insights into the Feds plans for the coming year. The Feds dual mission of balancing inflation and job growth is complicated by global events and the impact of lower rates on hiring and inflation. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.