From oil shocks to funding strains, Fed confronts new complexities
Reuters | September 18, 2019
The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own. Despite divisions about whether a reduction in borrowing costs is needed, the U.S. central bank is widely expected on Wednesday to cut its key overnight lending rate by a quarter of a percentage point for the second time this year.