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US Fed FOMC Meeting Live Updates: The US Federal Reserve is set to announce its policy decision on Wednesday, September 17 (local time), which is most likely to be its first rate cut this year. The same is set to come at the back of a weakening labour market, stubborn inflation and US President Donald Trump's push for lower borrowing costs. Earlier this week, Trump even predicted a "big cut" from the US Fed. "I think you have a big cut. It's perfect for cutting," he told reporters on Sunday. The US dollar approached its lowest level since March 2022 ahead of the US Fed decision. The US job growth cooled in August with the unemployment rate increasing to its highest level since 2021. Meanwhile, inflation in the US remains above the Fed's 2% goal and could increase further if the tariffs push costs up.
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CNBC TV18•19-02-2026, 00:51

Fed Officials Divided on Rate Cuts: Inflation Key to Future Decisions

  • •Many Federal Reserve officials require further inflation decline before supporting additional interest rate cuts.
  • •The job market shows signs of stabilization, influencing rate cut considerations.
  • •Most officials believe the Fed's key rate is near a neutral level.
  • •The Fed kept its key rate steady at 3.6% in January, with two officials voting for another cut.
  • •Committee members are divided, with some favoring cuts, others a longer pause, and some open to hikes if inflation persists.
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