most economists expect the Fed to trim its short-term benchmark fedfundsrate by a quarter percentage point to between 4.50% to 4.75%. It would be the Fed’s second consecutive rate cut ...
Fed Chair Jerome Powell will hold a press conference beginning at 2:30 p.m. The FOMC reduced its federal-funds rate target range by half a percentage point on Sept.18, to 4.75% to 5%, after ...