Next Thursday, economists expect broad agreement among Fed Chair Jerome Powell and his colleagues on a decision to reduce their benchmark interest rate by a quarter-percentage point to a range of 4.5%-4.

By Ann Saphir (Reuters) -Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labor market is cooling but not crashing likely intact despite new data showing U.