The Fed could approve a new cut in interest rates

Washington – The Federal Reserve (Fed) begins today its two-day meeting on monetary policy in which it could apply a new cut in interest rates to fears of economic slowdown and the insistent pressures of President Donald Trump.
The central bank will issue its expected statement on Wednesday at 2:00 p.m. and, later, its president, Jerome Powell, will offer a press conference to explain the decision.
The Fed will also present its new macroeconomic forecasts.
Interest rates are currently between 2% and 2.25%, after the fall in the price of money decreed at its meeting in late July.

Trump, on the other hand, has continued his campaign of pressure by urging the "idiots" of the Fed to cut "interest rates to zero or less."
Markets point to the possibility of a further reduction in interest rates amid concerns about a possible prolonged deceleration motivated mainly by uncertainty about global trade policy and the weakening of global demand.
"In the context of uncertainty, the Fed is likely to focus more on the global risks ahead than on the current data flows that, for the moment, on the domestic front, remain decent," said Gilles Moëc, economist head of the AXA Investment Managers, in a note to clients.
The July cut was the first in the country in more than a decade, since the previous one occurred just after the financial crisis of 2008.
The price of money in the country is the highest among the economies that make up the G7, and for example the European Central Bank (ECB) and the Bank of Japan maintain interest rates in negative territory, below zero.
The national economy advanced at an annual rate of 2% in the second quarter of 2019, according to the first calculation of the evolution of gross domestic product (GDP) in that period, a sign of slowdown after having registered 3.1% in the first trimester.