The combination makes it hard to guess how much policymakers will lower rates. Jerome Powell speaking behind a lectern, with an American flag behind him. He is wearing glasses, a suit and a purple tie. Jerome Powell, the Federal Reserve chair. Fed officials cut interest rates in September for the first time in four years.
Credit…Pete Marovich for The New York Times
By Jeanna Smialek
Nov. 1, 2024
Federal Reserve officials cut interest rates in September for the first time in four years, but now investors are beginning to ask the natural next question: How much will they lower them in the months and years to come?
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