Fed Signals Interest Rate Cut as Inflation Eases

The Federal Reserve, after much anticipation, is finally lowering interest rates after aggressively raising them to combat high inflation. This shift comes after inflation peaked in June 2022, prompting the Fed to increase rates at a rapid pace, which in turn increased borrowing costs and likely contributed to President Biden`s declining approval ratings. With inflation now decreasing, the Fed is cautiously starting to lower rates, a move closely watched by investors.