Today’s top business headlines with ChristineRomans before the opening bell on Wall Street: - Trade tensions hurting FedEx - Markets close mixed on trade jitters - White House slams 'Medicare for All' - Peloton hit with $150 million lawsuit
London 1. Fed decision: The Federal Reserve will announce its latest interest rates decision at 2:00 p.m. ET, with Chair Jerome Powell's press conference following at 2:30 p.m.
No rate hike is expected, so the hot topic will be whether the central bank will announce changes to its balance sheet. In 2017, the Fed decided the US economy was healthy enough for the central bank to start selling off assets it gobbled up to stimulate recovery after the Great Recession.Critics say the Fed's decision to shrink its balance sheet has contributed to economic turbulence. The Fed has signaled it may stop or slow the offloading of $4 trillion worth of assets.2. Google vs.
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