The Federal Open Market Committee (FOMC) is set to announce its latest policy decision today on November 07, with markets broadly expecting a 25-basis-point rate cut. The anticipated decision follows the recent US presidential election,

The US Federal Reserve is expected to announce a 25-basis-point interest rate cut on November 7, following a 50-basis-point reduction in September. Economists predict the move will continue the Fed’s easing cycle.

Jerome Powell-led FOMC last reduced the policy rate by 50 bps for the first time in four years after leaving the benchmark rate elevated at the 23-year high mark for eight consecutive meetings since July 2023.

The US Federal Reserve is expected to announce a 25-basis-point rate cut on Thursday (November 7) as it concludes its two-day Federal Open Market Committee (FOMC) meeting. Wall Street experts and economists widely forecast this reduction,