Federal Reserve policymakers are expected to cut interest rates at this week's meeting despite inflation remaining above their target amid concerns about a softening labor market.The Federal Open Market Committee (FOMC), the central bank's monetary policy-setting committee, will announce its interest rate decision on Wednesday. Markets widely expect a 25-basis-point interest rate cut, which would mark the third straight meeting with a rate cut – though expectations have shifted over time.Minutes from the FOMC's last meeting showed deep divides among policymakers over whether a rate cut would b...

4 days ago

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