Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election.
And yet an unusual air of uncertainty overhangs this week’s meeting: It’s unclear just how large the Fed’s rate cut will be. Wall Street traders and some economists foresee a growing likelihood that the central bank will announce a larger-than-usual half-point cut. Many analysts foresee a more typical quarter-point rate cut.
Pagers used by hundreds of members of the militant group Hezbollah exploded near-simultaneously Tuesday in Lebanon and Syria, killing at least nine people, including an 8-year-old girl, and wounding several thousand, officials said. Hezbollah and the Lebanese government blamed Israel for what appeared to be a sophisticated remote attack.
An American official said Israel briefed the United States on Tuesday after the conclusion of the operation, in which small amounts of explosive secreted in the pagers were detonated. The person spoke on the condition of anonymity because they were not authorized to discuss the information publicly.
A landslide caused by heavy rains has killed six people near Mexico City, authorities said.
The landslide on Monday night in Naucalpan, a community northwest of Mexico City, also affected a house and school, the State of Mexico government said in a statement. The victims were four men and two women. Another three people were injured and transported to a state hospital.
State Gov. Delfina Gómez ordered the deployment of rescue teams and security task forces to support affected families.
Adam Mueller can be reached at muel7541@stthomas.edu.