Good News: The Economy is rolling. Bad News: Is there any?

Published: July 30, 2019, 11:44 a.m.

b"The Federal Open Market Committee meets today and tomorrow and is expected to cut interest rates by one-quarter percentage point at the end of their meeting. While the Fed hopes an interest rate cut acts as a preventative measure against threats to the economic expansion, it is unclear if this move is anything more than a psychological boost to markets. After all, a quarter-point rate cut is a drop in the bucket following the 9 interest rate hikes from 2015-2018. Many questions surround the Federal Open Market Committee meeting. Joining Tony to help answer some of them is Bankrate.com's Greg McBride."