( ) -q-24- UNDATED (Correspondent Jeremy House) “office in January.” No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict. [CutID: <Cuts> FED-INTEREST-RATES-house-q-MONam.mp3 Time: 24s Title: FED-INTEREST-RATES-house-q-MONam Out-cue: office in January] TAG: Correspondent Jeremy House reporting. ————————————– VERBATIM: With inflation continuing to […]
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Fed set to cut rates again while facing a hazy post-election outlook
( ) -q-24- UNDATED (Correspondent Jeremy House) “office in January.”
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict.
[CutID: <Cuts> FED-INTEREST-RATES-house-q-MONam.mp3
Time: 24s
Title: FED-INTEREST-RATES-house-q-MONam
Out-cue: office in January]
TAG: Correspondent Jeremy House reporting.
————————————–
VERBATIM: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. On Thursday, the Fed’s policymakers are on track to cut their benchmark rate by a quarter-point, to about 4.6%, after having implemented a half-point reduction in September. The Fed’s future actions, though, will become more unsettled once a new president and Congress take office in January.