Day: September 9, 2024

The US Federal Reserve’s (Fed) Federal Open Market Committee (FOMC) will hold its next meeting on 17-18th September and is widely expected to cut official interest rates by 0.25%, although there is an outside chance of a 0.50% cut. A rate cut has most likely been priced into both equity and bond markets, but the potential remains for a volatile market reaction to the meetings depending on the magnitude of the cut and the language that Fed chair Jerome Powell uses.