The Federal Reserve's policy-making committee begins a key two-day meeting on Tuesday, as the U.S. and global economies show new signs of trouble. The Fed, like all central banks, is wary of trying to stimulate the economy in anticipation of a slowdown that may or may not materialize. But investors are expecting some sort of monetary booster shot, and "while the Fed hates being held hostage by market expectations, we doubt it will be prepared to disappoint global investors this week," says Lou Crandall, chief economist at Wrightson ICAP.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The mystery behind China's aggressive push into space
- What would a U.S.-Russia war look like?
- The best places to find love — and lust — according to science
- Here's the schedule very successful people follow every day
- The 5 best and worst states for a well-lived life
- The 6 best low-cost smartphones
- Why all drugs should be legal. (Yes, even heroin.)
- The 11 worst fast food restaurants in America
- Boyhood's refreshingly unsentimental take on motherhood
- This simple hack for slicing cherry tomatoes will astound you
Subscribe to the Week