Fed To Wait And See How Economy Evolves: Powell Refrains From Sharing 2026 Rate Cut Path

Key Highlights

• Interest rates have been cut by 25 basis points for the third time this year.
• The new rate range is 3.5% to 3.75%, the lowest in nearly three years.
• The Federal Open Market Committee voted 9-3 in favor of the rate cut, indicating internal divisions.
• Concerns about the job market and inflation influenced the Fed's decision.
• The Fed's outlook suggests only one more rate cut is anticipated in 2026.