WASHINGTON —
The Federal Reserve is expected to announce a long-awaited interest rate cut this week, responding to a slowing economy as opposed to yielding to President Donald Trump's demands.
Recent data shows hiring is slowing and unemployment is ticking up, which would normally call for an interest rate cut. Lower interest rates make borrowing money for things like cars and credit cards cheaper. Latest Forecast
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At the same time, inflation remains stubbornly high, which is usually solved by keeping interest rates where they are and leaving costly prices up.
With a big decision facing the Fed, added pressure from President Trump isn't helping. Experts say his repeated calls for the Fed to lower interes