US Fed Meeting Latest News Today (September 17): The all-important Federal Open Market Committee is set to begin in Washington DC tonight. The two-day meeting, which will conclude tomorrow will also see US Fed chief Jerome Powell addressing media during the crucial press conference. From investors to policymakers, all eyes will be on Powell’s address with just one question on mind – How much the US Fed will slash the key rates. The buzz is strong around the rate cut. Experts remain confident that the US Fed chair will announce the rate cuts. The debate is on the target range. Ahead of the most important development in the world of finance, here’s all you need to know about the FOMC meeting:
US Fed Meeting: When to watch FOMC Meet?
This is the two-day meeting, which will begin tonight (IST). FOMC meeting that begins on September 17 will conclude on September 18. US Fed chair will address media at some time around 11:30 pm (IST) on September 18, 2024.
US Fed Meeting: Where to watch FOMC Meet?
Moneycontrol will be giving you all the latest updates from the FOMC meeting. There are several official channels that will host the FOMC post-meeting presser. This include the official YouTube channel - https://www.youtube.com/federalreserve, X (erstwhile Twitter) handle https://x.com/federalreserve. The US Fed will also telecast the post-meeting presser on its site as well - https://www.federalreserve.gov/live-broadcast.htm.
US Fed Meeting: How to watch FOMC Meet?
The meeting will end around 11:00 pm on Wednesday and the presser will begin half an hour later at 11:30 pm. All official channels of the US Fed will host this conference live. The clear guidance from Powell will impact the investors across the world. Apart from the quantum of the rate cut, the stance taken by Powell on inflation and unemployment will define the mood in global markets.
US Fed Meeting: What to expect from FOMC Meet?
The key announcement will centre around the US Fed Reserve slashing the interest rates for the first time in last four years. Powell may announce a rate cut by either 25 or 50 basis points. In the last FOMC meeting in July, Powell had opted to maintain the status quo. The US Fed Reserve had kept the benchmark interest rates unchanged at the range of 5.25 percent to 5.50 percent.
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