Fed poised for first interest rate cut in 4 years as inflation steadily falls

Q: How long will it take to read this news story?

The story "Fed poised for first interest rate cut in 4 years as inflation steadily falls" has 899 words across 29 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Fed poised for first interest rate cut in 4 years as inflation steadily falls" was covered 17 hours ago by Business Mirror, a news publisher based in Philippines.

Q: How trustworthy is 'Business Mirror' news outlet?

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 89 news stories per day. It's most recent story was published 14 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21872611</li><li>URL: https://beamstart.com/news/fed-poised-for-first-interest-17224307033170</li></ul>

Business Mirror Logo Business Mirror 17h ago

Fed poised for first interest rate cut in 4 years as inflation steadily falls - Business Mirror

Quick Summary:

WASHINGTON—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 US consumers and businesses.

One encouraging sign for the Fed is that rental prices, a key driver of broader inflation, have started to noticeably cool, as new apartment buildings have been completed in many large cities.

Instead, Powell will have more opportunities in the coming months to illustrate how the Fed is thinking about inflation and interest rates, particularly in his speech in late August at the annual Fed conference in Jackson Hole, Wyoming.