Since last July, the Federal Reserve has held interest rates steady at a 23-year high; however, a rate cut is widely expected in the coming months. On Wall Street, the outlook for an interest rate cut has shifted from if to when.
The central bank will issue its latest interest rate decision on Wednesday after a months-long stretch of data has established the key conditions for a rate cut: cooling inflation and slowing job gains.
Still, economists expect the Fed to leave interest rates unchanged on Wednesday, offering the central bank time to ensure current trends hold ahead of its next meeting in September.
Please select this link to read the complete article from ABC News.