Regarding economic and inflation forecasts , Federal Reserve officials are likely to expect higher inflation, lower unemployment and stronger economic growth.
At a news conference after the meeting , Fed Chairman Jerome Powell is likely to detail how officials interpret the economic data and what that means for policy.
He is likely to be asked what it would take for officials to pause in rate cuts and whether such a pause would happen in January.
Powell is also likely to be asked whether progress toward the central iran phone number list bank’s 2% inflation target has stalled and whether officials are more optimistic about the employment outlook now than they were in September.
In the dot plot released in September , Federal Reserve officials expected to cut the benchmark interest rate by another 100 basis points to around 3.4% by the end of .
However, the latest economic data showed that the U. economy was more resilient than expected, inflation was falling more slowly than expected, and the labor market was not as weak as feared.
Most economists now expect officials to cut interest rates three times next year, one less than policymakers forecast in September.