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First interest rate cut in 4 years likely on the horizon as the Federal Reserve meets

WASHINGTON (AP) — With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely Wednesday to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.

Inflation has been falling steadily closer to the Fed’s 2% target for the past several months. And the job market has cooled, with the unemployment rate rising about a half-point this year to 4.1%. Fed officials have said that they are seeking to balance the need to keep rates high enough to control inflation without keeping them too high for too long and causing a recession.

TheDemonBuer ,
@TheDemonBuer@lemmy.world avatar

Ok, so unemployment is up slightly (though still historically very low), but inflation is still above the Fed’s 2% target, and consumer spending remains strong. If the Fed cuts rates now, I think it’s going to push off the inflation target that much further. If they do cut rates, it will almost certainly be a very modest cut. The Fed can’t risk an inflation spike if rates are cut too much too quickly.

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nondescripthandle ,

If I was going to bet, I’d bet on holding firm but we’ll see I suppose.

Chainweasel ,

Unfortunately, if we want to beat inflation we need to raise interest rates for a while.
I’m not so sure a cut is the best decision at the moment given the current inflation rates.
They say it’s better, but it sure as hell doesn’t feel better at the bottom.

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