Fed Prepares to Lower Interest Rates, With Size of Cut in Doubt.

The Federal Reserve is preparing to lower interest rates at its upcoming meeting in order to maintain a strong job market. The decision on whether to cut rates by a larger half percentage point or a traditional quarter point will depend on Chair Jerome Powell's leadership and the balance of risks. Economic data shows that inflation has declined, but the labor market has cooled. Some argue for a larger cut to protect against potential risks, while others advocate for a smaller cut to maintain a balanced economy. The decision is expected to be a close call, and Powell may face dissent from policymakers. [Extracted from the article]