The Race to Zero: Why The Fed Will Cut, and Cut Again

Credit: The Street
Published on September 17, 2019 - Duration: 01:20s

The Race to Zero: Why The Fed Will Cut, and Cut Again

Federal Reserve policymakers are widely expected to vote in favor of cutting the central bank's benchmark target interest rate by at least a quarter-point when their two-day meeting wraps up on Wednesday, even as the U.S. economy continues to defy gravity amid slowing global growth and a dog's breakfast of geopolitical issues.

A key focus of both market watchers and policy makers has been the U.S. economy's strength amid lackluster growth everywhere else -- which has left the Fed as one of few central banks seen as "behind the curve," keeping rates relatively higher than everyone else.

The question going forward is whether the Fed will join in the race to zero, and of course whether it will win.

Related: Federal Reserve Will Cut Rates - But What Happens Next?

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