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Fed Expected to Cut Rates, Update Views of Trump Economic Plan With New Projections

The most politically charged U.S. Federal Reserve meeting in years wraps up on Wednesday with broad expectations for a quarter-percentage-point interest rate cut that may spark dissents from some policymakers who feel it is too small and too late and others who feel it is not warranted at all.

Just as critical as that decision will be an updated slate of projections showing where policymakers see the economy and monetary policy heading eight months into President Donald Trump's extensive rewrite of U.S. economic policy and unrelenting pressure on the central bank to lower borrowing costs...

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