Reported about 2 months ago
Most Federal Reserve officials indicated a willingness to cut interest rates in September if inflation continues to decrease, according to the minutes from their July meeting. Currently at a near 25-year high of 5.3%, a cut could ease borrowing costs for consumers and potentially boost stock prices. Fed Chair Jerome Powell is expected to provide additional insights during a speech at the annual central bankers' symposium, while external political pressures surrounding timing due to the upcoming presidential election remain a concern.
Source: YAHOO