Comment on Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

By CHRISTOPHER RUGABER WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Related Articles National News | Migrant flights lawsuit against DeSantis should move forward, plaintiffs urge judge National News | 5 dead, others injured in a shooting at a private Christian school in Wisconsin National News | Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport National News | Japan’s Softbank plans to invest $100 billion in US projects over the next four years National News | As schools cut back on bus service, parents are turning to rideshare apps The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday.

 

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