US Fed begins final 2024 rate meeting with cut expected

, US Fed begins final 2024 rate meeting with cut expected

The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations high for another rate cut and a signal from policymakers that the pace of cuts will slow next year.

The meeting got underway at 10:30 am local time (1530 GMT), the Fed announced in a statement. Its rate decision will be published once the meeting concludes on Wednesday.