Will the Fed do a “hawkish cut”? – Live coverage
The Federal Reserve is set to cut interest rates for the second time in a row but may signal that this reduction – like the previous one – is not part of a cycle. Investors are watching the Fed’s projections for the next moves – aka the “dot plot”. Will they signal another rate cut in October? Markets are betting on a pause – a “hawkish cut”. Markets will also be watching Fed Chair Jerome Powell’s press conference.
Follow all the developments in the live coverage: