Scott Horsley

Back in September, the average Fed policymaker was projecting only one quarter point rate cut in 2026.

We'll see if that outlook has changed at all.

Right now, investors think there is a better than even chance that we could see more rate cuts next year.

You're welcome.

Investors are fairly confident the central bank will lower its benchmark interest rate by a quarter percentage point tomorrow.

They'll also be watching what Fed Chairman Jerome Powell and his colleagues have to say about prospects for additional rate cuts in the new year.

There's considerable uncertainty as the central bank's trying to keep a lid on both inflation and unemployment.

Pepsi is planning to cut jobs and narrow its product lineup by 20 percent as it works to cut costs and lower prices.

The soft drink and snack maker has been under pressure from an activist investor.

Scott Horsley, NPR News, Washington.

Investors are fairly confident the central bank will lower its benchmark interest rate by a

They'll also be watching what Fed Chairman Jerome Powell and his colleagues have to say about prospects for additional rate cuts in the new year.

There's considerable uncertainty as the central bank's trying to keep a lid on both inflation and unemployment.

Pepsi is planning to cut jobs and narrow its product lineup by 20 percent as it works to cut costs and lower prices.

The soft drink and snack maker's been under pressure from an activist investor.

Scott Horsley, NPR News, Washington.

China's exports to the United States have dropped sharply in the face of President Trump's tariffs.

But China is still finding plenty of customers elsewhere around the world.

The country's overall exports in November were up nearly 6 percent from a year ago.

And China's trade surplus for the year topped a trillion dollars for the first time.