Rate cut expected in unusually tough decision this week
(NEWSER) - All eyes are on the Fed this week, with Wall Street expecting a quarter-point rate cut when the group meets Tuesday and Wednesday. But the decision is an usually tough one, the AP reports, with the tight rope between controlling inflation and keeping markets fluid more precarious than it has been for a while. Most investors think the Fed is more concerned about the credit crunch, but how long it will feel that way is unclear. More»
