Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.

Many economists speculate about what will happen during the November 6 and 7 Federal Open Market Committee (FOMC) meeting, with most expecting a lower rate cut of 25 basis points. In the event of the rate cut,

Markets expect the Federal Open Market Committee to cut interest rates again by 0.25% on November 7 with a larger cut currently viewed as unlikely.

Fed Chairman Jerome Powell's curt but clear response on whether he would step down from his job under pressure could set up President-elect Donald Trump's first major showdown over his sweeping plans on the economy.

Federal Reserve Chair Jerome Powell said that his staff discovered that the President lacked legal power to demote him or any other Fed governors at will.