Fed meeting live updates: Anticipation builds with Fed expected to hike interest rates for first time in 3 years
Yahoo Finance • • business
Key Points:
- The Federal Reserve's September policy meeting began Tuesday, with markets largely expecting a 25 basis point interest rate hike on Wednesday due to persistently high inflation.
- This potential increase would be the Fed's first rate hike since 2023, ending the post-pandemic hiking campaign led by Jerome Powell.
- Inflation has remained above the Fed's 2% target for over five years, recently exacerbated by the Middle East conflict.
- Despite a 92% market probability of a rate increase, a decision to hold rates is still possible, reflecting the Fed's cautious approach.
- Fed Chairman Kevin Warsh emphasizes avoiding forward guidance and encourages robust internal debate among officials during FOMC meetings.
