Federal Reserve ‘poised to begin cutting rates as early as September’

Kamala Harris’s presidential campaign is gaining momentum as expectations rise that the US Federal Reserve will start cutting interest rates by September.

Economists predict a series of rate cuts throughout 2024, following signals from key Federal Reserve officials indicating readiness to ease borrowing costs due to a weakening jobs market.

This development could relieve economic pressure ahead of the closely contested election between Harris and Donald Trump in November, The Guardian has reported.

read more: https://www.theguardian.com/business/article/2024/aug/19/federal-reserve-poised-begin-cutting-interest-rate-early-september

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