US Federal Reserve headquarters
Global markets are closely watching the outcome of the US Federal Reserve’s policy meeting next Wednesday, following the Fed’s interest rate cut in September to a range between 4% and 4.25%.
According to a recent report, the Fed noted that US economic activity has changed little in recent weeks, citing a slight decline in consumer spending and a slowdown in hiring activity.
The report also indicated that inflationary pressures continued rising, driven by higher import costs and increased prices for services such as insurance, healthcare, and technology.
What are your expectations for the upcoming Fed meeting?
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