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News in English (USA) / 18.09.2024 / 11:00

Federal Reserve Expected to Cut Interest Rates Amid Economic Concerns

The Federal Reserve is set to make its first interest rate cut in over four years, with experts divided on the potential impact. Analysts predict a cut between 25 and 50 basis points, as markets hinge on Fed Chair Jerome Powell's ability to replicate former chairman Alan Greenspan’s approach to avoid a recession. The upcoming decision is crucial as it may aim to stimulate the economy ahead of the 2024 presidential elections, yet there's skepticism regarding the effectiveness of these cuts on inflation and overall economic stability. Investors are advised to prepare for significant market movements in response to the Fed’s announcement.