EL PASO, Texas (KTSM) -- The Federal Reserve is expected to cut its benchmark interest rate by a quarter of a percentage point in September, according to market indications.

The anticipated rate cut comes after the Federal Reserve's last adjustment in December 2024. Market expectations suggest that the upcoming decision will be influenced by recent economic data, including a weak labor report last month.

Tom Fullerton, a professor of economics and finance at UTEP, expressed concerns about the timing of the rate cut, citing inflationary pressures in the economy.

Fullerton joined KTSM 9 News evening anchor Andy Morgan live at 6:30 p.m. on Thursday, Aug. 28, where he discussed the potential implications of the Federal Reserve's decision. He believes the rate cut might be premature given th

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