Live coverage and analysis of the September Federal Reserve meeting
The September Federal Reserve meeting concluded today, with the central bank cutting interest rates by a quarter-percentage point, as widely expected. The Fed's latest policy decision was in response to recent weaker-than-expected jobs data.
The Federal Reserve Chair Jerome Powell's press conference is expected to be lively, providing insights into the Fed's outlook for the US economy. The Kiplinger team is reporting live from the event, offering updates and expert analysis on the meeting's impact on the economy.
During the meeting, the person discussed as a potential successor to Fed Chair Jerome Powell was former Fed banker James Bullard. Bullard, who expressed strong interest in the position, had recently spoken with the US Treasury Secretary Scott Bessent about it.
The Fed will also release the Summary of Economic Projections (SEP) or "dot plot," which will show where the federal funds rate is expected to be at the end of this year. This visual representation of the Fed's economic outlook is highly anticipated by financial markets.
The Trump administration has taken a combative stance toward Federal Reserve committee members, with the President expressing dissatisfaction over the Fed's decision to raise interest rates in the past. However, the current rate cut is likely to be welcomed by the administration as it seeks to boost economic growth.
As the meeting concludes and the details of the Fed's decision are revealed, the Kiplinger team will continue to provide live updates and expert analysis on the implications for the US economy. Stay tuned for more.
