In a busy week for Washington, Federal Reserve officials will convene for their November FOMC (Federal Open Market Committee) meeting, starting on Wednesday, November 6, and concluding on Thursday, November 7, with a press conference with Fed Chair Jerome Powell. The US central bank is currently expected to cut interest rates by 25 basis points at this meeting.

Yahoo Finance senior Fed reporter Jennifer Schonberger details the current rate forecast as the Fed considers the latest inflation data and US labor figures.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Luke Carberry Mogan.