Reported 23 days ago
The Federal Reserve is set to cut interest rates for the first time in four years during its upcoming meeting, marking the end of a stringent inflation-fighting campaign. Analysts predict a quarter-point cut from the current 5.25-5.5% range, with expectations for further cuts continuing into 2025 and 2026, aimed at stimulating economic activity. This decision, influenced by cooling inflation and a softening job market, is highly anticipated by investors, as it will facilitate borrowing costs for consumers and businesses alike.
Source: YAHOO