— more to come
Follow all the updates in the live Fed coverage
The Federal Reserve was expected to cut interest rates once again – following on the rate reduction seen in July – the first one in over a decade. Weaker global growth and downbeat investment are reasons to cut, while inflation and wages have risen.
The Fed publishes its statement, dot-plot, and Chair Jerome Powell’s press conference are all eyed. Will he describe it as a “mid-cycle adjustment”?