Federal Reserve officials on Wednesday may indicate that a potential interest rate cut is coming soon, which would be the first cut to their key interest rate in four years.
Federal Reserve officials may move towards lowering interest rates for the first time in four years with a possible rate cut in September as officials wrap up their two-day policy meeting Wednesday. Fed officials tell the Associated Press that they are trying to balance the need to keep interest rates high enough to control inflation without keeping them too high for too long, which could result in a recession.
17-18 meeting, signaling that Fed Chair Jerome Powell won’t have to provide advice to markets Wednesday regarding the timing of an interest rate cut, the AP reported. Last week, the federal government reported that yearly inflation dipped to 2.5% in July, the AP noted, citing the Federal Reserve's preferred inflation measure. This is down from 2.6% in June and the lowest since February 2021, when inflation began to rise.
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First interest rate cut in 4 years likely on the horizon as the Federal Reserve meetsWith the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major …
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First interest rate cut in 4 years likely on the horizon as the Federal Reserve meetsWith the end of their two-year fight against inflation in sight, Federal Reserve officials...
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