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US stocks fall ahead of Fed decision on interest rates

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NEW: U.S. stocks open down ahead of a highly anticipated decision from the Federal Reserve on interest rates.

Stocks moved broadly lower on Wall Street in early trading Wednesday ahead of a highly anticipated decision from the Federal Reserve on interest rates.

Investors largely expect the Fed to cut short-term interest rates by another quarter of a percentage point, following a similar cut in late July. That marked the first time in more than a decade that the central bank cut rates as it tries to shield the United States from the pain of a slowing global economy and the effects of the trade war with China.

Asian stocks were mixed. Export data from Japan show that the U.S.-China trade war is taking a toll on demand across the region. Japan said exports fell 8% in August, with declines in machinery, vehicles and chemicals.

 

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Oh boo hoo... the billionaires are upset

Rate cut means recession is here

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