Robert Spendlove
At the central bank’s annual retreat in Jackson Hole in August, Federal Reserve Chair Jerome Powell indicated plans to cut the federal funds rate when the Federal Open Market Committee meets Sept. 17-18. This will be the first rate cut in more than four years following a series of aggressive rate hikes — 11 over the span of a year and a half — aimed to tame inflation.
The last time rates fell was in March 2020 at the outset of the pandemic when the Fed held an Please log in to see the rest of this story.
