Will the Federal Reserve Cut Interest Rates Again This Week?
The Federal Open Markets Committee, or FOMC, the policy-making arm of the Federal Reserve, meets this week to make its latest interest rate decision. The committee's decision will be released at the conclusion of its meeting on Wednesday at 2 p.m. EDT, and here's a rundown of what investors should watch and expect.
Until recently it seemed to be a virtual certainty that the FOMC would cut rates again at this meeting. A month ago, futures markets were pricing in a 78% chance of a 25-basis-point rate cut and a 22% chance of a more aggressive 50-point rate cut. In other words, there was a 100% chance (in futures traders' eyes) that there would be at least one quarter-percent rate cut in September.
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Source Fool.com
