Fed meeting live updates: Fed expected to cut interest rates by a quarter point

James Ragan from D.A. Davidson believes that the focus of Jerome Powell’s press conference will be on the current view of Fed officials on the labor market, especially after the weak job numbers for October. Traders will be looking for clues on future rate policy during Powell’s press conference. Consumer rates have changed significantly since the Fed started its hiking campaign in March 2022, with interest rates cooling slightly in some areas. Traders are increasingly uncertain about whether the Fed will cut rates in December, with odds of a pause rising.