Federal Reserve Meeting Mystery

This is a news story, published by CNBC, that relates primarily to Fed news.

News about interest rates

For more interest rates news, you can click here:

more interest rates news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about

Federal Reserve meetings

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest benchmark fed funds rate news, Federal Open Market Committee news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Fed meeting

CNBC

•

The Fed's biggest interest rate call in years happens Wednesday. Here's what to expect

Summary

Nutrition label

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

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful