Federal Reserve observers predict Powell will reach a consensus on a slight rate cut
Investors are anticipating that Federal Reserve Chairman Powell will lower interest rates by 25 basis points this week to keep the rate-cutting plan on track, despite some stubborn signs of inflation and mixed signals about the job market. "This week's FOMC meeting is a refreshing simple decision, the reasons for cutting rates still hold," said JPMorgan Chief Economist Michael Feroli in a report. Fed watchers expect that after a significant rate cut in September, Powell will reach consensus around a minor rate cut.
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