Fed expected to slash interest rates. How much will it cut?

After nine months of holding its key interest rate steady , the Federal Reserve is widely expected to announce a rate cut after its two-day September meeting.

The central bank’s decision, to be announced Sept. 17, follows months of President Donald Trump browbeating Fed Chair Jerome Powell for lower rates. While Trump’s name-calling failed to sway the Fed, a string of disappointing job market reports may have been enough to finally do the trick.