- Jun 19, 2020
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Federal Reserve officials are expected to announce their third and final interest rate cut of 2024 on Wednesday, but investors will be keenly focused on something else: where they see policy heading in 2025.
Central bankers are scheduled to release their latest economic projections since September alongside their rate decision at 2 p.m Eastern. Some economists think that the officials could reduce how many rate cuts they expect to make next year in light of recent sticky inflation and strong economic growth.
Jerome H. Powell, the Fed chair, is also set to give a news conference at 2:30 p.m., and Wall Street will hang on his every word for a hint at what policymakers are thinking.
Of course rate hikes and rate reductions are based on projections. There is one thing that may reduce the number of cuts in 2025 or even raise the rates. And that's that big beautiful word as Trump says, "tariffs". Just as with Obama, Biden is handing Trump a robust economy. Although he has jettisoned the wiser heads that stopped his impulsive moves last admin, hopefully there is someone, somewhere within earshot to be the last person in his ear to talk him out of his bad plans.
