Fed Rate Cut to Mark Pivot to Job Market: Decision-Day Guide (1)

Federal Reserve officials are expected to backstop a faltering US labor market by lowering interest rates Wednesday, marking a shift after worries about tariff-induced inflation kept them on hold all year.

The policy pivot will take place amid unrelenting pressure from President Donald Trump, who has pushed for a “big cut” this week. Political drama has also introduced suspense about who would even be in attendance at this week’s policy meeting, though the lineup was likely finalized Monday night when the Senate confirmed a new Fed governor and a late court ruling allowed another official to remain in ...