Fed‘s Powell defends rate-cut decision as stock market drops like a rock

The Federal Reserve makes its interest rate decision and Chairman Jerome Powell will address the media afterwards. Economists expect a quarter-point cut but the forward guidance is the key. The meeting could feature multiple dissents. Follow along as MarketWatch’s Rex Nutting, Bill Watts, Vic Reklaitis, Jeffry Bartash and Greg Robb live-blog the action and watch the video of the press conference.

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