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.
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
Topics: washington with federal reserve inflation rate republicans vice president kamala harris president donald trump while i christopher waller financial fed chair jerome powell august jackson hole wyoming june on wednesday july february rental americans on friday economy now i fed fed s sept powell powell in years month months job market government growth costs pressures key cuts started long cost apartment wage target closer reflect car slowed sought catch-up statement latest faster measure alter news progress modest markets paychecks
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