Fed Eyes Third Rate Cut, but Faces Questions Over What Comes Next


Federal Reserve officials are leaning toward cutting their benchmark interest rate by one-quarter percentage point to between 1.5% and 1.75% at the conclusion of their two-day meeting on Wednesday. The big question is how they frame what happens after that.

Hints could be offered in the Fed’s new policy statement, to be released at 2 p.m. Eastern time, and at Chairman Jerome Powell’s press conference at 2:30 p.m. Here’s what to watch:

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