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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•29-01-2026, 06:42

Powell Dodges Future Questions, Advises Successor to Shun Politics

  • •Federal Reserve Chair Jerome Powell avoided questions about his future and a Trump administration criminal probe.
  • •Powell advised his successor to "stay out of elected politics" but emphasized engaging with Congress for democratic accountability.
  • •The press conference focused on the Fed's monetary policy meeting, where interest rates were kept steady at 3.5%-3.75%.
  • •Powell gave little guidance on future interest rate policy, despite market expectations for a June rate cut.
  • •President Trump is considering candidates for the next Fed leader, with Rick Rieder, Kevin Hassett, Christopher Waller, and Kevin Warsh among those eyed.

Why It Matters: Powell sidestepped personal future and probe questions, offering successor advice to avoid political entanglement.

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