Fed Ponders When To Cut Interest Rates

From npr.org

There's an unusual air of suspense surrounding the Federal Reserve's policy meeting Wednesday, with the possibility that the central bank could cut interest rates for the first time in nearly 11 years. Most forecasters are not expecting an immediate rate cut. But there's less certainty than usual, amid signs of a slowing U.S. economy and growing political pressure from the White House to cut rates. Policymakers have been getting mixed signals in recent weeks about the strength of the economy. A surprisingly weak jobs report — showing just 75,000 jobs added in May — was followed by better-than-expected numbers on ... (full story)