Overrated: Fed Set to Cut Interest Rates

Episode Transcript

Speaker 1 (00:00):
The Federal Reserve meets this week, and KTRH moneyman Pat
Schin says there's little doubt as to what will happen.

Speaker 2 (00:05):
It is widely expected they're going to lower their key
lending rate one hundred percent odds according to the market.
What we don't know is that are they going to
lower by one quarter of one percent or will it
be a rate cut to start things off by one
half of one percent.

Speaker 1 (00:19):
He notes, the Fed is still walking a tight rope,
trying to keep a lid on inflation while not letting
the economy slip into recession. The Fed's announcement will come
on Wednesday. Corey Jolson New's Radio seven forty KTRH