The Federal Reserve is expected to do something on Wednesday they haven't done in four years – cut interest rates - because inflation is coming back in line with their goals, and there has been a weakening US job market in recent months.
Officials are due to announce at 2 pm local time how much they are lowering the cost of borrowing by either 0.25 or 0.5 basis points.
Caroline Malone reports.
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IN: The US Central Banks
OUT: Caroline Malone Washington
DUR 0:35
http://www.fsnradionews.com/feeds/0918-Fed-cm-generic.mp3
Officials are due to announce at 2 pm local time how much they are lowering the cost of borrowing by either 0.25 or 0.5 basis points.
Caroline Malone reports.
—
IN: The US Central Banks
OUT: Caroline Malone Washington
DUR 0:35
http://www.fsnradionews.com/feeds/0918-Fed-cm-generic.mp3