Will the Fed open the door to rate cuts? – Live coverage
The Federal Reser is expected to leave its interest rates unchanged after it has pledged to remain patient regarding raising interest rates. Are they now ready to take the next step and open the door to cutting rates? Inflation is lower than expected as we have recently learned. On the other hand, growth is robust and the job market remains upbeat. Fed Chair Jerome Powell is pressured by President Donald Trump, but this unprecedented intervention may backfire. The central bank does not release new forecasts at this juncture, but every word will be closely watched.