The Federal Reserve\'s FOMC monetary policy meeting will wrap up this afternoon around 1:00 pm CT. Futures prices tied to Fed Funds are putting over a 60% chance the Fed will lower rates by 50 basis points later today. The current Fed Funds range is 5.25% to 5.50%. With inflation trending down, but joblessness edging up, traders say there has been a noticeable lack of push back from Fed officials with the latest swing of futures prices tied to the Fed Funds rate. Fed Chair Powell will deliver a press conference around 1:30 am CT.
<div class=\"default-font-wrapper\" style=\"line-height: 1;font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\"><div style=\"line-height: 1;\"><span style=\"font-size: 12pt; font-family: Verdana, Geneva, sans-serif;\"><span id=\"isPasted\" style=\"font-size:12pt;font-family:Verdana,sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;\">The Federal Reserve's FOMC monetary policy meeting will wrap up this afternoon around 1:00 pm CT. Futures prices tied to Fed Funds are putting over a 60% chance the Fed will lower rates by 50 basis points later today. The current Fed Funds range is 5.25% to 5.50%. With inflation trending down, but joblessness edging up, traders say there has been a noticeable lack of push back from Fed officials with the latest swing of futures prices tied to the Fed Funds rate. Fed Chair Powell will deliver a press conference around 1:30 am CT.</span></span></div></div>