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Fed meetingCNBC
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84% Informative
This week 's gathering of the central bank's Federal Open Market Committee carries an uncommon air of mystery.
While markets have made up their collective mind that the Fed is going to lower interest rates, there's a vigorous debate over how far policymakers will go.
The FOMC has been holding its benchmark fed funds rate in a range between 5.25%-5.5% since it last hiked in July 2023 .
In June , FOMC members penciled in just one rate cut through the end of the year .
That almost surely will accelerate, with markets pricing in up to five , or 1.25 percentage points worth of cuts.
In all, traders see the Fed hacking away at rates next year , taking off 2.5 percentage points from the current overnight borrowing rate before stopping.
VR Score
92
Informative language
96
Neutral language
60
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English
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41
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Attention-grabbing headline
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