Reported 23 days ago
As the Federal Reserve prepares for a second interest rate cut this year, uncertainty looms following the upcoming presidential election. While inflation has cooled, leading to the expected reduction of the benchmark rate to approximately 4.6%, concerns arise about potential economic impacts depending on the election outcome, particularly if Donald Trump returns to office. His proposed tariffs could spark inflation, which may hinder further cuts. Fed officials aim to recalibrate rates in light of recent inflation trends, but debates continue about how low rates should go without restricting growth.
Source: YAHOO