The Federal Reserve is expected to leave interest rates untouched for the third meeting in a row later today as inflation in the US continues to fall. Chair Powell has remained adamant that the US central bank would hike rates if necessary over the past few meetings, and in other prepared commentary, but he may well ease back on this rhetoric today, suggesting that rates will be on their way down next year. The Fed has pushed back against market pricing of a series of rate cuts over the last few weeks and any change of course by the US central bank will be closely watched.
