Interest rates are expected to move lower on dec 10, with forecasters predicting the federal reserve will order another cut to the benchmark federal funds rate even as committee division becomes. The federal reserve heads into a sharply divided meeting as chair jerome powell seeks support for a third interest rate cut amid high inflation and weak hiring. What would an interest rate cut mean for our wallets Many investors believe that the federal reserve will cut interest rates for the third time this year. An interest rate cut from the federal reserve looks likely at its december meeting, but a muddy economic picture and growing divisions among officials at the central bank mean an easing of policy isn’t a sure thing
Expectations around the december meeting have swung wildly in recent weeks. The fed is expected to lower its benchmark interest rate by a quarter percentage point — but with inflation stubbornly high and mixed signals from the job market, it could be a split decision.
OPEN
