CandleFocus BREAKING: Critical FED Interest Rate Decision Announced
2024-11-07
Author: Content Editor
The Federal Reserve (FED) has cut interest rates by 25 basis points, as expected. FED Chairman Jerome Powell will hold a press conference, which will be broadcasted live. The labor market outlook will be a key focus at the meeting, especially considering a weak nonfarm payrolls report. Investors are looking for signs that the Fed will cut rates again in December, although some believe it may be delayed. The Fed's policy choices are complicated by President-elect Donald Trump's proposed economic measures, which could contribute to inflation.
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