There’s Unusual Drama Around the Fed’s Rate Decision
A cut is widely expected, but it isn’t clear how many voters will agree.
The state of the jobs market is one consideration for the Fed.
Photographer: Joe Raedle/Getty ImagesThe Federal Reserve’s interest rate decision and its guidance for 2026, to be announced tomorrow afternoon, are a key focus for markets this week. White House economist Kevin Hassett said today that he sees room for a substantial cut. Fed reporter Enda Curran writes in today’s newsletter that it’s an open question whether all members of the rate-setting committee agree. Plus: Argentina’s richest man prepares to step back from his company, and, as enrollment declines, a small college drops econ and fills in the pool.
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