At the latest U.S. Federal Reserve meeting on July 30-31, the central bank held its federal funds rate steady at a 23-year high of 5.25%-5.50% – just as it has done at each of its previous six gatherings.
But after this period of stability – and signs inflation is easing and the labor market is cooling – it appears as if the Fed is poised to reverse course and potentially begin cutting interest rates at its upcoming meeting that starts this Tuesday, September 17.
