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The US Federal Reserve is likely to decrease interest rates for the first time in more than four years on Wednesday. The move, foreseen by financial markets, occurs when inflation reaches the central bank's long-term target of 2% and the labor market contracts.
Federal Reserve Chairman Jerome Powell and other top officials have hinted at a rate cut this month. The main question for policymakers during their Tuesday and Wednesday meetings will be whether to implement a 25- or 50-basis-point decrease.
Federal Reserve Chairman Jerome Powell and other top officials have hinted at a rate cut this month. The main question for policymakers during their Tuesday and Wednesday meetings will be whether to implement a 25- or 50-basis-point decrease.
