A Fed interest rate cut is imminent. Why? And what's next?

Published July 30, 2019 11 Views

Rumble / Trending NewsThe US Federal Reserve is expected to lower borrowing costs this week for the first time since the depths of the Great Recession.
It could inaugurate a series of quarter-percentage-point interest rate cuts that could stretch deep into next year.
Or, Reuters reports it could be something more limited. It's a difficult decision facing Fed policy makers.
Why? There's No clear consensus from Fed officials about why they need to cut rates in the first place.
The U.S.