Fed Expected to Make Big Rate Hike, But Is It Too Late?

The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow – for a car, a home, a business deal, a credit card purchase – all of which will compound Americans’ financial strains and likely weaken the economy.

Jerome Powell

Fed Set to Cut Rates for First Time in Decade. Is it a Risk?

The Fed has signaled its decision that a rate cut now – and possibly one or more additional cuts to follow – could help inoculate the economy against a potential downturn. The idea is that lowering its key short-term rate, which can affect consumer and business loans, could encourage borrowing and spending and energize the economy.