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The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history.The move would come despite a strong US economy. But some cracks are beginning to show: The global economy is softening, American manufacturing is slowing, and the global trade war isn't helping matters.But a potential rate cut would also follow months of pressure from President Donald Trump, who has broken with his predecessors' practice of walling off the central bank from politics.Jerome Powell, the chairman of the world's most influential central bank, has repeatedly pledged to follow economic data, and policymakers have become increasingly worried that uncertainty, caused in part by the President's trade wars with China and other countries, will hamper global growth and dampen investment."We are carefully monitoring these developments and assessing their implications for the US economic outlook and inflation, and will act as appropriate to sustain the expansion," Powell reiterated in remarks delivered at a French government conference in Paris on July 16.Even before the central bank signaled the possibility last month, investors had already priced in a reduction in the federal funds rate, which influences the cost of mortgages, credits cards and other borrowing. Those expectations piled on additional pressure on the Fed to move at this week's meeting to avoid rattling markets with an abrupt change in course.The Fed chairman has brushed off such pressures -- political or otherwise -- arguing the Fed is "insulated" from such demands as an independent institution outside of the control of the White House and whose decisions are informed by incoming economic data.The Fed last raised rates in December but has backed off plans for further tightening.In June, Powell began to make the case that the Fed, like other central banks, around the world needed to act earlier to get ahead of any economic weakness especially given how low interest rates currently are -- a reversal from his previous stance."If you see weakness, it's better to come in earlier rather than later," Powell said at an appearance before the Council on Foreign Relations in New York. "I think most central banks would want to act preemptively and let a downturn gather steam, in a sense, the thought being an ounce of prevention is worth a pound of cure."That message has been echoed by other top officials, including Federal Reserve Bank President William Dudley.Efforts by the Fed to prevent an economic downturn is unlikely to win a reprieve from the White House. A day before policymakers were set to gather for their two-day interest-setting meeting in Washington this week, Trump chastised the Fed for making "all the wrong moves," adding, "a small rate cut is not enough."Trump has kept up a year-long relentless attacks against the Fed, often lamenting he regrets appointing Powell for the role, and going so far as to threaten to fire him. He's called the central bank his "biggest threat" and accused them of behaving like a "stubborn child" for refusing to cut rates and keeping credit too tight.It will be up to Powell during his now-routine press conference to justify the decision to plow ahead with a rate cut given some prevailing strength in the economy. Since their last meeting in June, the data has consistently surprised to the upside with stronger-than-expected job gains, retail sales and economic growth in the second quarter.Wall Street analysts also suggest Friday's upcoming jobs numbers will also be an important economic milestone that will determine whether a further rate hike may be coming as early as September as some anticipate."Expect an overall strong report, eroding the case for further cuts, but given the strong easing bias of Fed leaders, much depends on exactly how strong the report is and how they adjust their messaging in response," Josh Wright, iCIMS' chief economist and former Fed staffer said. "'One and done' still seems like an economically justifiable outcome." 4095

Tennessee Governor Bill Haslam has granted executive clemency to Cyntoia Brown by commuting her life sentence.The governor's office announced the decision Monday morning. She will be released to parole supervision on August 7, 2019, after serving 15 years in prison.“This decision comes after careful consideration of what is a tragic and complex case,” Haslam said. “Cyntoia Brown committed, by her own admission, a horrific crime at the age of 16. Yet, imposing a life sentence on a juvenile that would require her to serve at least 51 years before even being eligible for parole consideration is too harsh, especially in light of the extraordinary steps Ms. Brown has taken to rebuild her life. Transformation should be accompanied by hope. So, I am commuting Ms. Brown’s sentence, subject to certain conditions.”As part of her parole, she cannot violate any state or federal laws and will be subject to a release plan approved by the Tennessee Department of Correction and special supervision conditions, including employment, education, counseling and community engagement requirements.Brown's parole supervision will continue until August 7, 2029, at which point her sentence will expire.In 2006, she was convicted of first-degree murder, felony murder and aggravated robbery in the killing of Antioch realtor Johnny Allen.She was sentenced to life in prison. At the time of the crime, she was 16-years-old. Advocates have said that Brown, now 30, was a victim of sex trafficking and shot the 43-year-old in self-defense. The man she killed 1590

The brother of a "Shark Tank" star was found dead in a hotel room in the Dominican Republic, and the death comes after the deaths of six other U.S. tourists visiting the DR have been brought to light.Barbara Corcoran's brother John is the victim and he was there on an annual vacation with a friend in April. It is believed his death was the result of a heart attack.Corcoran tells media she does not believe an autopsy has been performed.His friend is who discovered the body, 490

The bulk of Barry’s wrath hasn’t even made it onto land yet but the storm has already left tens of thousands without power, knocked down trees and flooded some low-lying coastal areas."Rainfall remains the primary hazard, we are still looking at 10 to 15 inches of rain, with the possibility of isolated higher amounts," Louisiana Gov. John Bel Edwards said.In Plaquemines Parish, Louisiana, about 25 miles south of New Orleans, a small levee was breached and led to acres and acres of flooded farm field. But it's not the fields that's the concern. There's a highway that runs nearby. And if this floodwater overflows the highway, it could strand anyone who didn’t evacuate."So the people of southern Plaquemines need to know, they will be stuck down there," said Louisiana Lt. Gov. Billy Nungesser.Nungesser, the former parish president, said the breach has already created problems for farmers."We just rescued cattle out of this pasture, " Nungesser said. "Got them out before they drowned. And those cattlemen are now rescuing other cattle north and south of here."With rainfall forecasts having improving slightly, the lieutenant governor worries less about the Mississippi River topping levees. But given the large amounts of rain, no one should let their guard down— even after the storm."We saw it after Katrina, the storm was well past and then the levees, the flooding came after," Nungesser said. "The skies were sunshining when New Orleans was flooding from Katrina."In New Orleans, local officials are urging a similar message."And although you may not have seen rainfall as we’ve been discussing, it is coming our way," New Orleans Mayor LaToya Cantrell said. "So please continue to listen and act accordingly." 1738

TARPON SPRINGS, Fla. -- Several dogs are up for adoption in Florida after being rescued from the Bahamas. Some of the dogs were pulled into the home of a woman who lives in Nassau ahead of the Hurricane Dorian. “Hello buddy, hello buddy! I miss you too,” said Mac Steinmeyer, a volunteer at 303

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