The Federal Reserve is expected to lower interest rates again for a third straight time and pare back the number of rate cuts they anticipate next year, according to economists surveyed by Bloomberg News.

Fed Chair Jerome Powell and his colleagues are expected to deliver another quarter-point rate cut after their meeting. That would bring the central bank’s key benchmark rate down to a range of 4.25% to 4.50%. That would mark a full percentage point of reductions since September.

We'll have full coverage of the decision and Powell's press conference beginning at 1:30 pm ET on
a special edition of "Bloomberg Surveillance, The Fed Decides."

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