Will Another Federal Reserve Rate Cut Happen This Week?
The Federal Open Market Committee, or FOMC, is set to announce its latest interest rate decision on Wednesday at 2 p.m. EDT upon the conclusion of its two-day meeting. While this meeting isn't likely to be quite as much of a market event as the last few (barring any big surprises), there's still a high probability of another rate cut, as well as a few other things investors should keep an eye on.
Here's the main reason this meeting of the policy-making arm of the Federal Reserve isn't likely to be a major stock market event: Another rate cut appears to be a virtual certainty.
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Source Fool.com
