Comment on Federal Reserve is set to cut interest rates for the first time in 4 years

Federal Reserve is set to cut interest rates for the first time in 4 years

WASHINGTON — Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses just weeks before the presidential election. And yet an unusual air of uncertainty overhangs this week’s meeting: It’s unclear just how large the Fed’s rate cut will be.

 

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