Fed Signals Interest Rate Cut as Inflation Eases

The Federal Reserve, after much anticipation, is finally lowering interest rates. This decision comes after over a year of high inflation, which peaked in June 2022. The Fed`s delayed response to rising inflation led to a rapid series of interest rate hikes, impacting borrowing costs and consumer sentiment. While inflation has been declining, the Fed remained cautious before cutting rates. This change in policy is expected to positively influence consumer outlook and signal that high inflation is subsiding.