Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?
![Federal Reserve is edging closer to cutting rates. The question will soon be, how fast?](https://static.independent.co.uk/2024/07/29/08/Federal_Reserve_11985.jpg?width=1200&auto=webp)
Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September