A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions.

The Fed’s September rate cut ends the central bank's prolonged ‘pause’ period and marks an important inflection point for financial markets and for investors.

Carlyle Group Inc. boss Harvey Schwartz expects the Federal Reserve to lower interest rates three times before the end of this year, then take a pause as it assesses the impact.