{video} Goldman economists see the Fed tweaking some language in its statement to indicate that this move, the third policy easing of the year, will fulfill the central bank’s “midcycle adjustment” that Chairman Jerome Powell alluded to in July. The characterization rankled some on Wall Street, but Powell has largely stuck to the narrative that economic conditions are otherwise solid even as the Fed has moved to relax financial conditions. In making the rate cuts, Fed officials have said that they are largely in response to fears of global slowing, U.S.-China tariffs and tame inflation rather than an indication that ... (full story)