WASHINGTON — With 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 shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses. Inflation has been falling steadily closer to the Fed’s 2% target for the past several months.
Comment on First interest rate cut in 4 years likely on the horizon as the Federal Reserve meets
Christopher S. Rugaber, Denver Post: Business
Tue, 07/30/2024 - 3:13pm
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