Central Banks
Fed Set to Deliver Third-Straight Interest Rate Cut
- Policymakers widely expected to lower rates by a quarter point
- Economic projections forecast to show fewer rate cuts in 2025
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Federal Reserve officials are likely to lower borrowing costs for a third-straight meeting this week while also signaling fewer interest-rate cuts next year than previously projected.
The US economy has proved more resilient than what officials expected just a few months ago. Recent data shows inflation is coming down more slowly than officials anticipated, and the labor market is not weakening as much as feared.