Livenow From Fox
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BREAKING: Fed planning big cut to interest rates
Posted
September 18, 2024
Views
13,959
Likes
140
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Engagement
1.30%
September 18, 2024
13,959
140
41
1.30%
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8:33Now PlayingThe Federal Reserve is expected to announce its first interest rate cut in more than four years. LiveNOW from FOX's Mike Pache caught up with University of Pennsylvania's Christina Skinner to discuss what you can expect.
The Federal Reserve is set to cut its benchmark for the first time in four years. Chair Jerome Powell said Fed officials feel confident that inflation has largely been defeated. Powell said, "we will do everything we can to support a strong labor market.” He added that any “further weakening” in the job market would be “unwelcome.”
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