The Fed has a big interest rate decision coming Wednesday. Here's what to expect

Despite high inflation, strong economic growth, and a robust labor market, the Federal Reserve is expected to lower its benchmark interest rate by 25 basis points to a range of 4.25% to 4.5%. While market traders anticipate the rate cut, there is some skepticism among experts, with former Kansas City Fed President Esther George cautioning against it due to the need to monitor inflation closely and signal stability to the public and markets.

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