Author: Howard Schneider

Debate swirls over size of Fed’s rate cut imminent in 80 characters

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INFLATION BATTLE Get ready for the Federal Reserve’s highly anticipated rate decision and policy statement, set to be released at 2pm EDT today. This announcement will be accompanied by updated economic projections, giving insight into the anticipated trajectory of rates for the rest of the year and beyond. Additionally, officials will provide updates on inflation, unemployment, and economic growth forecasts. As the Fed’s benchmark rate has remained unchanged for 14 months, the markets are eagerly awaiting any shifts in policy. Fed Chairman Jerome Powell’s post-meeting press conference, scheduled to begin 30 minutes after the release, will be closely scrutinized for…

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