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Fortune
Fortune
Eleanor Pringle

Today's Fed meeting is merely a warm up act for September according to Wall Street—but they shouldn't count their chickens just yet

Jerome Powell, chairman of the US Federal Reserve

Today Jerome Powell and his Fed committee kick off a two-day meeting which might, in theory, mark the beginning of a long-awaited reduction in America's base interest rate.

But unlike other Federal Open Market Committee (FOMC) meetings, Wall Street analysts are not waiting with bated breath to hear the outcome of today's intense discussions.

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