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Federal Reserve is expected to make 3rd consecutive rate cut this week. Here's what to know.

CBS News
Summary
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83% Informative

The Federal Reserve is set to announce its rate decision on Dec. 18 at 2 p.m. ET .

9 in 10 economists polled by FactSet say the Fed will cut its benchmark rate by 0.25 percentage points.

That would be the Fed 's third consecutive rate cut this year .

But experts are also bracing for a slower pace of cuts in 2025 .

Trump has vowed to tackle rising prices, but some of his policies could prove to be inflationary.

Some economists expect the Fed to slow or pause in its rate decisions next year in a wait-and-see approach.

The Fed will release its summary of economic projections ( SEP ) on Dec. 18 .

VR Score

91

Informative language

93

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63

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formal

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English

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short-lived

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