The Federal Reserve's September interest rate decision will lower rates by 25 basis points, facing a divided vote

ChainCatcher news, according to Jinshi reports, the Federal Reserve is expected to cut interest rates by 25 basis points to 4%~4.25% in the September rate decision, marking the first rate cut since last December. There may be a "three-way split" in the voting, with most officials supporting a 25 basis point cut, while some officials may support a 50 basis point cut. Powell will discuss the future path of rate cuts at the press conference, with a weak labor market being a key reason for the rate cut.