Fed Signals Interest Rate Cuts as Inflation Eases

The Federal Reserve, after much anticipation, is finally lowering interest rates. This decision comes after over a year of inflation, which peaked in June 2022, prompting the Fed to raise rates at an unprecedented pace to combat it. These hikes, however, 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 gears to stimulate the economy. This move has been widely anticipated by investors who have been closely watching inflation data and Fed announcements for any indication of rate cuts.