Interest Rate Cut Possible

NPR's John Ydstie reports that the Federal Reserve Open Market Committee will decide today whether to reduce interest rates by another quarter-of-a- percent. The Fed has made two such cuts in the last two months. Today a third cut is considered likely but less than certain, because of the strong recovery the stock market has made.



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.