Reported about 1 month ago
The Federal Reserve is set to cut interest rates for the first time since 2020, marking the end of a stringent inflation-fighting strategy. Expected to take place at the next meeting on September 18, this move will reduce the current benchmark rate of 5.25% to 5.5%, easing borrowing costs for consumers and businesses alike. This new 'easy money' era is projected to last into 2025 and 2026 but arrives with cautious optimism as the Fed aims to achieve its 2% inflation target without provoking a recession, which has been a challenge for its predecessors.
Source: YAHOO