The Jerome Powell-led FOMC is expected to consider a rate cut, currently ranging between 3.75% and 4%. (Image: NDTV Profit) ADVERTISEMENT The US Federal Reserve’s Federal Open Market Committee (FOMC) will announce the monetary policy decision today. The FOMC is expected to consider a rate cut for a third straight time. Jerome Powell will address the media at 1:00 am India time. LIVE FEED Latest First

Oldest First

11:54 PM

US Fed Meeting Live: Macro Data Snapshot

US consumer spending increased moderately in September after three straight months of solid gains. It suggests a loss of momentum in the economy as a lackluster labor market and rising cost of living curbed demand.

Data on Tuesday showed US job openings increased marginally in October after surging in September.

Core

See Full Page