Federal Reserve officials plan to announce their final interest rate cut of 2024, but investor focus will shift to future policy predictions for 2025.
Jerome H. Powell will hold a news conference following the rate decision, with Wall Street keenly awaiting insights into policymakers' thoughts and plans.
The upcoming December meeting is critical, releasing the Summary of Economic Projections, including the dot plot that indicates anticipated interest rate changes.
Recent inflation and robust economic growth may influence the Fed to adjust their expectations on the number of rates cuts planned for 2025.
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