A Fed Rate Cut Is Finally Within View

By Nick Timiraos

Updated July 28, 2024 12:02 am ETS

Federal Reserve Chair Jerome Powell has been weighing the risks of cutting rates too soon and waiting too long. PHOTO: WILL OLIVER/EPA-EFE/SHUTTERSTOCK

While Federal Reserve officials aren’t likely to change interest rates in the coming week, their meeting will nonetheless be one of the most consequential in a while.

At each of their four meetings this year, interest-rate cuts have been a question for later. This time, though, inflation and labor-market developments should allow officials to signal a cut is very possible at their next meeting, in September.

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