Central Banks
Fed to Give Fresh Clues on Path of Interest-Rate Cuts
- Economists expect FOMC to pencil in three 2024 rate cuts
- Policymakers will discuss slowing balance-sheet unwind
The Federal Reserve will likely avoid signaling an imminent rate cut this week, staying focused on stubborn inflation while keeping one eye on a slowly rising jobless rate.
The Federal Open Market Committee is poised to keep rates in a range of 5.25% to 5.5% at its two-day policy meeting, a two-decade high first reached in July. The rate decision and economic forecasts will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.