The US Federal Reserve Steps into the Spotlight

Trump Powell, cc Flickr The White House, modified, https://creativecommons.org/publicdomain/mark/1.0/

It has been a highly consequential week for the Federal Reserve and, by extension, the US economy at large.

For one the Fed is expected to announce a rate cut when it convenes its scheduled meeting on Wednesday. The announcement will be made at 2 p.m.; the cut is expected to come in at 25 basis points, well below what President Trump has been calling for.

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