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Breaking: The U.S. Federal Reserve has cut interest rates by 50 basis points for the first time since 2020, signaling a shift to easing amid cooling inflation and a stabilizing labor market.
Americans brace for a potential interest rate cut by the Federal Reserve in September, marking the first since March 2022.
US consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, signaling positive progress for the Federal Reserve.
The U.S. Federal Reserve maintains current interest rates but hints at possible cuts by September to tackle ongoing inflation.
The Federal Reserve is expected to cut interest rates in September 2024 amidst rising real interest rates, with up to three more cuts predicted by year’s end as part of a controlled policy normalization.
US inflation shows minor improvement in April with CPI at 3.4%, but strong job growth and housing costs keep pressure on the Federal Reserve’s rate decisions.