Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.

Many economists speculate about what will happen during the November 6 and 7 Federal Open Market Committee (FOMC) meeting, with most expecting a lower rate cut of 25 basis points. In the event of the rate cut,

The FOMC is expected to cut the Fed funds rate by 25 basis points, a move heavily anticipated by the market. See if election results would impact Fed's decision.

Markets expect the Federal Open Market Committee to cut interest rates again by 0.25% on November 7 with a larger cut currently viewed as unlikely.

The US Federal Open Market Committee (FOMC) is set to meet on Wednesday and is expected to make an announcement regarding federal rate changes on Thursday. The November 2024 FOMC Meet headed by Fed chair Jerome Powell is crucial given that it coincides with the election frenzy surrounding the US Presidential Polls 2024.

Fed Chairman Jerome Powell's curt but clear response on whether he would step down from his job under pressure could set up President-elect Donald Trump's first major showdown over his sweeping plans on the economy.

Federal Reserve Chair Jerome Powell said that his staff discovered that the President lacked legal power to demote him or any other Fed governors at will.