Federal Reserve Set to Resume Interest-rate Cuts as Concerns Over Labor Market Mount

The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the September policy meeting on Wednesday.   Market participants widely anticipate the US central bank to cut the policy rate for the first time since last December, lowering it to the range of 4%-4. 25%.   The CME FedWatch Tool shows that investors see only about a 6% chance of a bigger rate cut, while pricing in about an 80% probability of a total of 75-basis-point (bps) reduction for the remainder of the year source: https://beincrypto.com/federal-reserve-resume-interest-rate-cuts/