LOGIN SUBSCRIBE advertisement BYÂ Reuters Listen to this ArticleMore info 0:00 / 0:00 An "everything rally†in markets greets the start of a two-day Federal Reserve meeting, with stocks at record highs, bond yields subsiding and a two-month low dollar taking the heat ahead of what is widely expected to be the first U.S. interest rate cut of the year. A quarter point Fed rate cut on Wednesday is fully priced. But the spotlight is as much on the central bank's institutional standing as on the policy call itsel ...

In other Fed news, a federal appeals court ruled on Monday that Fed Governor Lisa Cook can continue serving at the central bank while her legal case proceeds, upholding a lower court’s decision. Also, President Trump’s economic adviser Stephen Miran is set to join the Fed’s board after the Senate confirmed him to the post on Monday night.“Now the discussion will turn to how aggressively the Fed will act. The Fed may remind everyone that it may be focused on jobs now, but it hasn’t forgotten about the other ...