Live Updates > Live Update Details
2025-09-16 02:05:17
[S&P: The Federal Reserve and the Bank of Canada are expected to cut interest rates at their respective meetings this week] S&P Global Ratings expects the Federal Reserve and the Bank of Canada to cut interest rates at their respective meetings this week. S&P expects that the Federal Reserve will cut interest rates by 25 basis points, bringing interest rates to 4% to 4.25% amid cooling employment data and persistently high inflation. S&P expects the Federal Reserve to cut interest rates again in the fourth quarter. S&P said: "We believe that the latest summary of economic projections and Chairman Jerome Powell's press conference will be key to determining how the Federal Reserve balances its inflation and employment targets, compared to the Federal Open Market Committee's interest rate decision in September." The agency also expects the Bank of Canada to cut interest rates by 25 basis points to 2.5%, and may cut interest rates at least once this year.
