US Fed Meeting: See date, timing, and schedule details here
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve is holding a meeting today, September 18, 2024. The highly anticipated decision on interest rates will be announced at 2:00 p.m. Eastern Time (ET). Following the release of the policy statement, Federal Reserve Chair Jerome Powell will host a press conference at 2:30 p.m. ET, where he is expected to discuss the committee's reasoning behind the decision and provide an outlook on the U.S. economy moving forward.
This meeting is closely watched by economists and financial markets due to potential changes in interest rates, which have remained elevated throughout 2024 to combat inflation. Many analysts are speculating whether the Fed will signal a rate cut or continue its cautious stance as inflation cools down but economic uncertainties remain. Powell's comments will be key in shaping market expectations for the remainder of the year.
The outcome of this meeting is crucial for stock markets, bond yields, and everyday financial products like mortgages, as interest rate decisions affect the overall cost of borrowing and investing
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