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Originally published September 18, 2007 at 12:00 AM | Page modified September 18, 2007 at 2:06 AM

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Getting inside the Fed's head

The Federal Reserve is widely expected today to cut its target for the nation's benchmark interest rate by one-quarter percentage point...

Analysis |

The Federal Reserve is widely expected today to cut its target for the nation's benchmark interest rate by one-quarter percentage point to 5 percent. Investors will be sorely disappointed if it doesn't. The stock market has been concerned that tighter credit and problem mortgages will hurt corporate profits. A rate cut would lower borrowing costs for corporations and consumers. Yet there's a case for standing pat. Factors that point to a cut, versus a hold, ahead of the Fed's decision, expected at 11:15 a.m. PDT:

Copyright © 2007 The Seattle Times Company

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