Economists and investors are almost certain that the Federal Reserve will cut interest rates for the third consecutive time on Wednesday, but the outlook for 2025 remains uncertain. The officials' projections for the upcoming year will be crucial and will influence how the markets respond.

The Federal Open Market Committee (FOMC), the central bank's decision-making body, will wrap up its two-day meeting on Wednesday afternoon. A policy announcement is scheduled for 2 p.m. Eastern time, followed by a press conference with Fed Chair Jerome Powell at 2:30 p.m.

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