The Federal Reserve is meeting this week to discuss whether to lower the federal fund rate for the first time since December of 2024.

The decision will be announced Wednesday at 1 p.m. CST. Many economists and experts are expecting the Fed will approve an interest rate cut this week.

A popular tracking tool, CME FedWatch, says there is a 96% chance the Fed will approve a 0.25% cut, and a 4% chance the Fed will approve a 0.5% cut.

University of Saint Thomas Economics Professor Tyler Schipper agrees that a rate cut is almost a guarantee.

“This was a decision that was telegraphed by Jerome Powell when he recently spoke at an annual monetary policy meeting and he talked about how monetary policy would need to change directions a little bit,” Professor Schipper said.

A potential rate cut w

See Full Page