US Fed Meeting LIVE Updates: Jerome Powell to Shortly Address Media, Will FOMC Go For 50 bps Rate Cut?
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Jerome Powell to address media on September 19, 2024, at 11:30 pm IST; FOMC expected to cut interest rates by 25-50 basis points; last rate cut occurred on March 15, 2020; Fed held rates steady 11 times since July 2023; previous rate hikes totaled 525 basis points from March 2022 to July 2023; inflation decreased from 9.1% in June 2022 to 2.5% in August 2024; Fed funds futures indicate over 60% chance of a 50 bps cut; potential impacts include lower borrowing costs and positive effects on US and Indian markets; gold prices near lifetime highs amid geopolitical tensions.
#UsFed #JeromePowell #InterestRates #Fomc #RateCut #Inflation #GoldPrices #Markets #Economy #FinancialNews
https://www.news18.com/business/us-fed-meeting-september-2024-live-updates-fomc-interest-rate-cut-decision-outcome-stock-market-9055595.html
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