Fed expected to cut rates as economy feels trade war impact, despite strengthening consumer

Fed expected to cut rates as economy feels trade war impact, despite strengthening consumer

Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing on “Monetary Policy and the State of the Economy” in Washington, July 10, 2019.
Erin Scott | Reuters

The Fed is expected to move ahead to cut interest rates by a quarter point Wednesday after second quarter GDP shows inflation is still sluggish and trade wars are impacting business and trade.
GDP…

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