Is the Fed going to cut rates?
Asked 3 hours ago
Answer
The Federal Reserve is widely expected to cut interest rates, with market odds near 88%. However, internal disagreement exists, and the decision is complicated by persistent inflation, limited economic data, and political pressures. The anticipated cut is likely to be a quarter-point, but further cuts are uncertain.
Now Playing
Federal Reserve interest rate cut expected. How will economy react?
CBS America ยท Just In
CBS America
Just In
- Fed expected to cut rates by 0.25%, with up to five dissenters 6s
- Decision reflects tension between inflation and unemployment concerns 42s
- Fed signals this may be the only cut for now, with no further cuts expected soon 1m 1s
- Recent government shutdown limits available economic data for decision-making 1m 48s
- Chair Powell's term ending in May raises questions about Fed's future direction 2m 20s
References
CBS America
5 hours agoFederal Reserve interest rate cut expected. How will economy react?
A divided Federal Reserve meets today, with another rate cut likely despite internal disagreement. Economists expect at least three, possibly up to five, dissenters on the rate cut, which would be the most in decades; a simple majority is required to cut rates.
