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Corey Goldman: All eyes on Washington, at least for tomorrow afternoon at two o'clock when the Federal Reserve makes its announcement about whether or not it's cutting rates again. Most expect 25 basis points, at least as the final outcome when the Fed makes its decision at two o'clock tomorrow afternoon. The real question is whether or not the Fed is going to indicate that it's going to go further and cut rates again going forward through the remainder of the year. Right now there's kind of a central bank race to zero that's been going on as each country really tries to kickstart their economy by either lowering rates or putting money into the economy. All in an effort to make consumers or at least encourage consumers to spend more and not save. And one of the last outliers of that phenomenon appears to be the Fed, which at least according to US President Donald Trump hasn't been so proactive in terms of lowering rates and causing that to happen as well. However, there's been a reason for that ,and that is the US economy has been stronger than everywhere else in the world. So remains to be seen what the Fed does after it comes out with his decisions tomorrow afternoon. Also will be of interest to see what Jerome Powell has to say at the press conference that follows. For Thestreet.com, I am Corey Goldman.

Federal Reserve policymakers are widely expected to vote in favor of cutting the central bank's benchmark target interest rate by at least a quarter-point when their two-day meeting wraps up on Wednesday, even as the U.S. economy continues to defy gravity amid slowing global growth and a dog's breakfast of geopolitical issues.

A key focus of both market watchers and policy makers has been the U.S. economy's strength amid lackluster growth everywhere else -- which has left the Fed as one of few central banks seen as "behind the curve," keeping rates relatively higher than everyone else.

The question going forward is whether the Fed will join in the race to zero, and of course whether it will win.

Related: Federal Reserve Will Cut Rates - But What Happens Next? 

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