US EditionForbes Daily: Crypto Rebounds On Hopes Of Fed Interest Rate Cut
The Federal Reserve aims to secure consensus for a third straight interest rate cut at this week’s meeting, testing Chair Powell’s leadership among policymakers.
- The Federal Reserve is set to approve a third consecutive interest-rate cut this week at its policy meeting rather than via external announcement.
- Chair Jerome Powell faces a leadership test as he must corral necessary support from fellow policymakers to secure the third consecutive interest rate cut.
- The Fed's internal vote will decide the cut through an internal policy meeting and vote, with officials describing the process as unusually contentious for a rate-cut decision.
- Approval would mark a third straight cut and test institutional unity at the Federal Reserve, while Jerome Powell's Oct. 29 news conference at the Federal Reserve Board Building in Washington frames expectations.
- The unusually contentious process signals divisions among Federal Reserve policymakers, and the meeting's contested nature elevates the decision's significance beyond a routine cut.
28 Articles
28 Articles
The US central bank, the Federal Reserve, decided on Wednesday to lower its interest rate by 0.25 percentage points, so that the interest rate is now in the range of 3.5 to 3.75 percent.
Svenska Dagbladet
hbl.fiThe US Federal Reserve (Fed) has cut its key interest rate by a quarter of a percentage point to a range of 3.50–3.75 percent, as expected. However, the Fed is cautious about future cuts.
Morganton News Herald
Fed likely to cut rates for third time this year
WASHINGTON — The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell's ability to corral the necessary support from fellow policymakers for a third straight interest rate cut.
The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) has decided on Wednesday to lower interest rates by 25 basis points, to the target range of 3.50% to 3.75%. This cut follows the same percentage as agreed on 17 September and 29 October, and follows five consecutive times as from January when the issuing institute kept the price of frozen money. Prior to that, it lowered the reference rate three times since Septe…
The US central bank, the Federal Reserve, lowered its benchmark interest rate by 0.25 percentage points on Wednesday evening Danish time, which is the third interest rate cut this year.
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