Poll: What to expect from upcoming Fed meeting?

Financial markets are closely watching the outcome of the Federal Reserve’s meeting next Tuesday and Wednesday, after the Fed kept interest rates unchanged in July within a range of 4.25% to 4.50%.

Fed Chair Jerome Powell hinted last month that weakness in the labor market, along with economic developments, could justify a rate cut in September, stressing the Fed’s commitment to its 2% inflation target.

The annual US inflation accelerated in August, reaching its highest level since January at 2.9%, after stabilizing at 2.7% in both June and July.