Federal Reserve to Announce Rate Cut Wednesday
Federal Reserve to Announce Rate Cut Wednesday
Federal Reserve to Announce Rate Cut Wednesday
News summary

The Federal Reserve is expected to announce a 0.25% rate cut on Wednesday, marking the start of its easing cycle, amidst mixed economic signals such as August's slight rise in consumer prices. Similarly, the Bank of England is meeting this week, but unlike the Fed, no further rate cuts are anticipated at this time. In contrast, Brazil's central bank is likely to increase rates by 25 basis points due to persistent inflation and stronger-than-expected growth. Meanwhile, the Bank of Japan and Norges Bank are expected to maintain their current rates, with the latter potentially easing by year-end. In market movements, foreign portfolio investors injected over $2 billion into Indian equities, boosting the Nifty 50 index by 2%. The European Union will release inflation data this Wednesday, providing further insights into the economic climate.

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Last Updated
42 min ago
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