Fed Rate Decision Near-certainty
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Federal ReserveCNBC
•The Fed has a big interest rate decision coming Wednesday. Here's what to expect
75% Informative
Futures market traders are pricing in a near-certainty that the Fed on Wednesday will lower its benchmark overnight borrowing rate by a quarter percentage point.
Inflation is stubbornly above target, the economy is growing at about a 3% pace and the labor market is holding strong.
"I'd be inclined to say 'no cut,'" former Kansas City Fed President Esther George said Tuesday during a CNBC " Squawk Box" interview.
Some economists think the incoming president's plans for aggressive tariffs, tax cuts and mass deportations could aggravate inflation.
Wall Street is expecting little to no change in the post-meeting statement.
Markets already have lowered their own expectations for easing, with an expected path of two cuts in 2025 .
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