When is the next Fed meeting and what time will we know their decision to cut interest rates?
The Federal Reserve’s FOMC will meet this week to discuss interest rate changes as the rate of inflation continues to fall.
The Federal Open Market Committee (FOMC) of the US Federal Reserve will meet on on 17 and 18 September to discuss any changes to interest rates.
The two-day meeting will begin on Tuesday and conclude on Wednesday. As is customary, the FOMC will release its policy statement at 2.00 p.m. Eastern Time on Wednesday.
The current Federal Funds Rate (FFR), which is the baseline interest rate in the US, stands at 5.33 percent.
The Fed may finally lower interest rates
There is growing anticipation among market participants and economists that the Fed may initiate its first interest rate cut at this meeting. According to the CME FedWatch Tool, as of early September, there was over a 90% probability that the Fed would lower rates at the September meeting.
After the policy statement release at 2.00 p.m., Federal Reserve Chairman Jerome Powell will hold a press conference 30 minutes later. This conference often provides additional context and insights into the Fed’s decision and future outlook.
For those interested in the detailed deliberations of the meeting, the FOMC will release the full minutes three weeks after the policy decision.