Federal Reserve Cuts Rates
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Treasury Secretary Scott Bessent on Monday confirmed the names of five finalists to succeed Federal Reserve Chair Jerome Powell, with the president saying he expected to make his decision by year-end.
Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
A Fed rate cut may be coming, but uncertainty over inflation, jobs, and the shutdown could shape what’s next for the economy—and your wallet.