Wall Street will be closely watching what is said at the post-meeting news conference on Oct. 29.
Federal Reserve Chairman Jerome Powell after testifying before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 11, 2025. Madalina Vasiliu/The Epoch Times
|Updated:
The Federal Reserve is expected to cut interest rates again when officials meet this week for the Federal Open Market Committee’s two-day policy meeting.
As monetary policymakers inch closer to the neutral rate—when interest rates are neither stimulative nor restrictive—the Fed is engaged in a balancing act to protect jobs and prevent a rekindling of the inflation flame.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
