Federal Reserve begins two-day meeting as experts anticipate small rate cut
The Federal Reserve is opening a two-day meeting today.
(CNN)- The Federal Reserve is opening a two-day meeting today, and the outcome could directly affect the cost of mortgages, auto loans, credit cards and other borrowing for millions of Americans. The Fed is widely expected to announce a quarter-point cut to the federal funds rate tomorrow — a small adjustment, but one that typically puts downward pressure on interest…