Jerome Powell-led rate-setting panel reduced the policy rate by 50 bps for the first time in four years after leaving the benchmark rates at the 23-year high-mark for eight consecutive meetings since July 2023.

The Federal Reserve is expected to cut its influential fed funds rate in its September meeting. But economists and market watchers are waiting to know by how much.

All official channels of the US Fed will host this conference live. The clear guidance from Powell will impact the investors across the world.