Explore the latest developments concerning The Fed is.
Wall Street is expecting a 25bps cut from Powell, and little talk of a December cut
Eleanor Pringle is an award-winning senior reporter at Fortune covering news, the economy, and personal finance. Eleanor previously worked as a business correspondent and news editor in regional news in the U.K. She completed her journalism training with the Press Association after earning a degree from the University of East Anglia.
With the government still shut down, the Federal Open Market Committee (FOMC) will be making its decision about America’s base interest rate today without some key data. So when Chairman Jerome Powell announces the outcome of the meeting in a press conference this afternoon, analysts are expecting him to deliver less insight than usual into the health of the economy.
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