The Federal Reserve is anticipated to maintain its current interest rates, but a potential rate cut in September is on the horizon. This is due to favorable changes in U.S. inflation and a softening labor market. What Happened: The Federal Open Market Committee is expected to keep the benchmark interest rate at 5.25% to 5.50% when it concludes its two-day meeting on Wednesday, reported the Financial Times. However, the meeting is likely to serve as a platform for signaling a potential shift in monetary policy as early as September. “The Fed is moving closer to a rate cut, and its communication…
