Reported about 6 hours ago
The upcoming Federal Reserve meeting is expected to result in a quarter-point interest rate cut to bolster the faltering job market, despite rising inflation. Fed officials' growing concern over labor market conditions contrasts with the political pressure exerted by President Trump, who has attempted to dismiss Fed Governor Lisa Cook amid a legal dispute. Additionally, varying opinions within the Fed could lead to a historic dissent during the vote, marking a significant moment in the central bank's efforts to balance inflation control with employment support.
Source: YAHOO