FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., January 26, 2022. (REUTERS/Joshua Roberts)
{{^htLoading}} {{/htLoading}}
The Fed's rate decision, along with its updated quarterly economic forecasts, will be released at 2 pm on Wednesday (12:30 am on Thursday in India). This will be followed by a post-meeting press conference by Fed Chair Jerome Powell 30 minutes later.
US Fed rate cut: Here's all you need to know
(1.) The US central bank is widely expected to lower its benchmark rate by a quarter percentage point, Bloomberg reported. This would bring the federal funds rate to a target range of 4.25% to 4.5%.
(2.) However, such a decision by the Fed would take the benchmark rate at well above the 2.9% median estimated at the September meeting.
(3.) As per Bloomberg, the most scrutinised portion of the updates estimates will be the “dot plot” or the expected rate path. Officials are expected to pencil in as many as three cuts for next year.
{{/usCountry}}
{{#usCountry}}
(3.) As per Bloomberg, the most scrutinised portion of the updates estimates will be the “dot plot” or the expected rate path. Officials are expected to pencil in as many as three cuts for next year.
{{/usCountry}}
(4.) In September, policymakers forecast only two rate cuts for 2025.
(5.) The language of the Fed statement is likely to be similar to the one used in November. “The risks to achieving the Fed’s goals for employment and inflation are roughly in balance,” the statement said.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/US Federal Reserve likely to cut interest rate for third straight time | Key points
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
