Federal Reserve Interest Rate Cut
The Federal Reserve is expected to cut interest rates by a quarter of a percentage point, lowering the federal funds rate to a range between 3.75% and 4%.
Nigel Green, CEO of deVere Group, says today’s cut will likely be the last for some time.
According to Green, what matters is Chair Jerome Powell’s tone, expecting him to sound more dovish, with the Fed shifting from acting to waiting. He predicts there might not be another cut until spring or even summer 2026.
- Inflation has eased, with headline CPI at 3% and core at 3%.
- Growth has slowed sharply, affecting the balance of risks.
Author's summary: Fed rate cut expected to be the last until summer 2026.