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The Fed is largely expected to drop interest rates by another quarter-point on Wednesday, but the policy outlook for next year is less clear due to strong U.S. economic growth and inflation concerns.'s next monetary policy move, which is scheduled to be revealed Wednesday at 2:00 p.m. ET. Markets expect the Fed to drop rates by a quarter point, marking the third consecutive cut.
Investors will also be watching the post-meeting statement and the press conference with Fed Chairman Jerome Powell, which may provide insight into how officials are thinking about monetary policy and the overall status of the economy.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
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