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The year's most pivotal Federal Reserve meeting kicks off.

Plus, the U.S. strikes another boat in its push against drug trafficking, killing three people.

We're telling the cartels right now, we're going to be stopping them, too.

When they come by land, we're going to be stopping them the same way we stop the boats.

And Israel launches a long-anticipated ground offensive into Gaza City.

It's Tuesday, September 16th. I'm Caitlin McCabe for the Wall Street Journal, and here is the

AM edition of What's News, the top headlines and business stories moving your world today.

The Federal Reserve's two-day policy meeting kicks off today, and investors are on pins and needles.

Overnight, an appeals court rejected President Trump's request to immediately remove Governor Lisa Cook from the board,

while the Senate confirmed Trump's appointee, Stephen Myron.

At the same time, it's been roughly nine months since the Fed last cut interest rates. That's before

President Trump took office, and traders are widely expecting that the central bank will lower rates by a quarter point.

But Trump himself wants a larger cut as part of what has become an unprecedented pressure campaign.

Economics reporter Matt Grossman is here to unpack it all.

Matt, I think it's safe to say that this is the most pivotal Fed meeting so far this year.

So the Fed is always trying to balance inflation and unemployment.

And lately they've been in a tough corner because those have been both moving in the wrong

direction.

The job market is weakening. In the last

...