Fed poised to cut interest rates for first time under Trump

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The Federal Reserve is all but certain to cut interest rates for the first time since President Donald Trump regained office. Here is what to expect.

The Federal Open Market Committee is meeting on Tuesday and Wednesday to decide what to do with interest rates for the sixth time this year. Fed Chairman Jerome Powell will lead the meeting, which comes amid new concerning data showing a slowing labor market, and will likely be the most closely watched meeting of Trump’s second term.

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