Federal Reserve to make decision on interest rates

Federal Reserve Chairman Jerome Powell will announce the agency's decision on interest rates Wednesday with cuts not yet expected. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to discuss the Fed.

[MariaPerez-ppdp]

It's clear that many Americans are struggling financially. I'm not alone in my concerns. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[morganewoods]

Let's be very clear about one thing. The "market" has been massively wrong on what the Fed should do with the funds rate for at least 2.5 years now. In early 2022 before the Fed even started hiking, the market was already forecasting rate cuts to happen by end of 2022. The market at the start of 2024 had 7 rate cuts for 2024. Laughable to suggest the Fed is the one that has been getting this wrong. It has proven out that they were right to start hiking in early 2022, aggressively ramp up that funds rate, and then keep it at the terminal rate until now. Also, the Fed on numerous occasions has stated that a recession will likely occur as a result of this hiking cycle. The market consensus has been no or soft landing, which is another thing they will be massively wrong been engaged in active trading and managed to grow a nest egg of around 140k to a decent 539k....I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[Tech-ezqj]

Welcome back to 2009. Things are collapsing right now and accelerating.

[mariedavison]

All in favor of Jerome Powell quitting say aye

[LagerthaLothbrokk]

THE ECONOMY IS TRASH. THE MIDDLE CLASS IS JUST ABOUT GONE AND THE AVERAGE FAMILY CANNOT AFFORD A SINGLE FAMILY HOME!!!! ITS B.S.!!!!

[Hillr]

WAIT, Jerome powell said himself he hasn't spoken with Biden in 2 YEARS😮😮😮

[redjetsen]

Neither of these people trying to manipulate our opinions seems trustworthy.

[Hot_Stank]

Prices are half what they used to be so he will cut rates today 🎉

[redjetsen]

Hold steady...speculators are waiting for rate cuts to borrow more and jack prices again.

[qnzhpwm]

It's time to start to lower them. They should have started to raise them slowly sooner. I hope they don't make the opposite mistake now.

[danielhutchinson]

The Electoral Industry has already decided who among their Servants will be chosen.
The counting of Votes and the presentation of Candidates is simply a Business adventure,
that provides good return on investment.
The business operates with a budget well over $15

Go ahead and prove me