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Fed rate cut uncertainty intensifies ahead of FOMC meeting

Seana Smith and Madison Mills

The probability and timing of a Federal Reserve rate cut in 2024 are clouded in uncertainty. Despite Fed Chair Jerome Powell's ongoing dovish commentary surrounding the issue, concerns are mounting that a rate hike could be on the table ahead of Wednesday's highly anticipated Federal Open Market Committee (FOMC) meeting.

Yahoo Finance Head of News Myles Udland breaks down the details.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

Editor's note: This article was written by Angel Smith