Reported about 6 hours ago
The Federal Reserve is set to potentially implement its first interest rate cut of the year during its upcoming meeting on September 16-17, in response to a slowing labor market, though inflation remains above target. This expected quarter-point reduction may not meet President Trump’s expectations for a larger cut. Fed officials' recent comments highlight divisions between 'doves,' who prioritize the labor market, and 'hawks,' who focus on inflation risks. The Fed's current target range for interest rates is 4.25%-4.50%.
Source: YAHOO