Experts expecting a clear course from the Federal Reserve.
The frustration with a soft economy can be seen just about everywhere, and consumers are really feeling the pinch these days.
"They're telling us that business conditions have deteriorated in April," the Conference Board's Lynn Franco said, speaking for a group that measures consumer confidence in the Untie States. "They're very concerned about the employment conditions current, and what the job market is going to look like six-months down the road."
But a change in direction from the Federal Reserve could end up easing some of that pressure on your wallet. Policy Makers are expected to cut the overnight lending rate by another quarter-point—and send a message that says this will be the last such cut for a while.
"If we do see language from the Federal Reserve that they are going to be stopping this series of rate cuts, then what I think we'll see is the possibility of the U.S. Dollar starting to strengthen again," KTRH Money Matters Host Pat Shinn said. "That will provide a reason for both oil and gold prices to roll over and back off a bit."
And that could mean some relief to that pinch you feel on your wallet.
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