Taylor Tompkins has worked for more than a decade as a journalist covering business, finance, and the economy. She has logged thousands of hours interviewing experts, analyzing data, and writing articles to help readers understand economic forces. She is the Economics Editor for news at Investopedia.
Policymakers are expected to cut their influential benchmark rate when the Federal Reserve Open Markets Committee meets today.
Traders are pricing in a 99.1% chance that Federal Reserve officials will vote to cut their influential federal funds rate by a quarter of a point to a range of 4.50%-4.75%, according to the CME Group's FedWatch tool, which forecasts rate movements based on fed funds futures trading data.
You can follow along with Investopedia's live coverage of the Fed's decision, Chair Jerome Powell's subsequent press conference, and economists' reactions.