 Most analysts are projecting a cut in September. The economy will be in the spotlight tonight. It's the focus of the first night of the Republican National Convention in Milwaukee. Another political meeting this week highlighting the world's second largest economy. The Chinese Communist Party holding its once-in-a-decade meetings. But today, China announcing slower growth in the second quarter. The economy expanded by 4.7%, well down from the 5.3% it grew in the first quarter.