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Is the Fed likely to finally cut interest rates at this week’s meeting?

By Home - CBSNews.com Jul 29, 2025 | 11:08 AM

President Trump has pressured Fed Chair Jerome Powell to lower interest rates. Here’s what the experts think will happen at today’s monetary policy meeting.

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BREAKING THE BUDGET IMPASSE

What should be done to break the impasse in approving Pennsylvania’s budget?

Increase income taxes to pay for more spending.
Draw down the state's rainy day funds to pay for more spending.
Tax the so-called "skill games" machines to pay for more spending.
Legalize recreational marijuana to pay for more spending.
We don't need more spending, we need less! No new taxes!
We do need to increase spending on some programs, but there's plenty of wasteful spending we should cut. No new taxes!
Voting Ends: Oct 7, 2025 | 12:00 PM