The Federal Reserve is meeting on Wednesday. And unless it wants to anger stock and bond investors and President Donald Trump, Fed Chairman Jerome Powell will cut interest rates for the third-straight time.
New York The Federal Reserve is meeting on Wednesday. And unless it wants to anger stock and bond investors and US President Donald Trump, Fed Chairman Jerome Powell will cut interest rates for the third-straight time.
After that, it's anybody's guess. Unlike the past many months, when the Fed has cut rates to satisfy investors, the Fed will need to become"hyper-dependent" on economic data, according to Danielle DiMartino Booth, CEO of Quill Intelligence and author of"Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America.""The US economy will now become the deciding factor in whether or not the Fed's hand is forced into easing further," she said.
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