Fed Signals Interest Rate Cuts as Inflation Eases

The Federal Reserve, after much anticipation, has signaled its intention to lower interest rates. This move, widely expected by the market, is seen as a way to boost consumer confidence and solidify the perception that high inflation is under control. The Fed`s decision comes after a period of aggressive interest rate hikes aimed at combating inflation that soared following the start of Biden`s presidency. These hikes, while necessary, negatively impacted consumer sentiment and likely contributed to President Biden`s low approval ratings. With inflation showing signs of decline, the Fed is now shifting its focus to stimulating the economy through rate cuts.