The Federal Reserve may have finally locked in a September interest rate cut, its first since March 2020—at least according to most economists and professional investors.
To be more specific, the “vast majority” of Fed officials said it will “likely” be appropriate to cut interest rates in September, the minutes from July’s Federal Open Market Committee (FOMC) meeting showed Wednesday. However, there was a provision added to that outlook emphasizing that upcoming economic data will need to continue to “come in about as expected.”
