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Jerome Powell LIVE: The Fed's Biggest Interest Rate Call In Years | FOMC Meeting | US Market | N18G

Jerome Powell LIVE: The Fed's Biggest Interest Rate Call In Years | FOMC Meeting | US Market | CNBC TV18 The Federal Reserve surprised Wall Street with a half-point rate cut on Wednesday, bringing its target range to 4.75% to 5%. The decision was not unanimous, as Fed Governor Michelle Bowman called for a quarter-point cut instead. Fed Meeting Today: Fed Cuts Interest-Rates For the First Time in Four Years, Powell Speech In Focus This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery. Will it be the traditional quarter-percentage-point, or 25-basis-point, rate reduction, or will the Fed take an aggressive first step and go 50 basis points, or half a point? Fed watchers are unsure. Beyond the quarter vs. half debate, this will be an action-packed Fed meeting, with updates on projections for rates cuts in the future as well as adjustments to economic estimates. This week’s gathering of the central bank’s Federal Open Market Committee carries an uncommon air of mystery. While markets have made up their collective mind that the Fed is going to lower interest rates, there’s a vigorous debate over how far policymakers will go. #fedratecuts #jeromepowell #fedrate #usmarketnews #usfederalreserve #mpc #cnbctv18