Federal Reserve Chairman Jerome Powell will testify before a Senate Committee on Banking, Housing and Urban Affairs at Capitol Hill, Washington on February 11, 2025. Madalina Vasiliu/The Epoch Times
The Federal Reserve is expected to bring out the overwhelming triggers for interest rate reductions when it concludes the Federal Open Market Committee (FOMC) policy meeting from September 16-17 to 2017.
The new CME FedWatch tool data shows that there is a 96% chance that investors could reduce their benchmark federal funding rate by a quarter point. This is a key policy rate that affects borrowing costs for business, consumer and government costs between 4.25% and 4.5% from the current target range.
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