Fed paves way for US rate cuts as soon as next month as inflation falls towards 2%
![Fed paves way for US rate cuts as soon as next month as inflation falls towards 2%](https://i.dailymail.co.uk/1s/2024/07/31/21/88013003-0-image-m-3_1722458326025.jpg)
US Federal Reserve chief Jerome Powell (pictured) said the US economy was getting closer to warranting a rate cut but warned it wasn't there yet.
US Federal Reserve chief Jerome Powell (pictured) said the US economy was getting closer to warranting a rate cut but warned it wasn't there yet.