Economics

A Divided Fed May Be Reluctant to Forecast More Cuts

FOMC expected to lower rates but dots may send hawkish signal
Oil-price spike reinforces sense geopolitical risks are rising

The Fed will continue cutting rates despite a "hawkish" 25 basis-point cut today, says Mizuho’s Peter Chatwell.Source: Bloomberg

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By Steve Matthews

September 18, 2019 at 4:00 AM UTC

Updated on

September 18, 2019 at 3:12 PM UTC

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Under pressure from Wall Street and President Donald Trump, the Federal Reserve is widely expected to reduce interest rates on Wednesday for a second straight meeting, but its sharply divided policy panel may be reluctant to forecast further cuts.