The Fed is about to cut rates to protect the economy, even though most signs are strong

The Fed is about to cut rates to protect the economy, even though most signs are strong

Traders work the floor at the NYSE.
Brendan McDermid | Reuters

The Fed is expected to cut interest rates for the first time in more than a decade Wednesday, a pre-emptive move as concerns rise about the impact of the trade wars and a slowing global economy.
Friday’s July jobs report should show that the U.S. economy is still strong, with 170,000 nonfarm payrolls being added and an extremely low…

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