Fed Signals Interest Rate Cut as Inflation Eases

The Federal Reserve, after much anticipation, is finally lowering interest rates. This shift comes after over a year of rate hikes meant to combat high inflation. While the Fed`s actions were deemed necessary, they contributed to a decline in consumer sentiment and likely played a role in President Biden`s decision not to seek reelection. Now, with inflation showing signs of easing, the Fed is signaling a change in course by gradually reducing interest rates. This move is expected to boost consumer confidence and stabilize the economy.