According to a recent article in Investopedia - the next meeting of the Federal Open Markets Committee approaches, investors, economists, and policymakers are trying to predict how the central bankers will react to a weakening labor market and stubborn unemployment.
When is the next Fed meeting?
The next meeting of the FOMC will take place over Sept. 16 and 17. During this meeting, the members will vote on the course of monetary policy and will compile their summary of economic projections.
What to Expect From the September Meeting
Fed watchers expect the central bank's policy committee to cut its influential federal funds rate for the first time since December. Traders are pricing in a 93% chance that central bankers will cut the rate by a quarter of a point, to 4%-4.25%, according to the CME Group’s FedWatch tool, which forecasts rate movements based on fed funds futures trading data. They're predicting an outside chance of a half-point cut.
The bankers are also set to release their survey of economic projections, which shows where members of the committee expect the economy to be in the short- and long-term. full article
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