Washington CNN —
After a grueling two years of high inflation and elevated interest rates, Americans are finally set for some relief: Federal Reserve Chair Jerome Powell on Friday offered his strongest affirmation yet that a rate cut is coming next month. But the size of that relief remains an open question.
Once the Fed begins to pare back its key interest rate, which influences borrowing costs across the economy, that will mark an important milestone in the central bank’s historic inflation fight. Price pressures are coming under control and America’s job market is running at a slower
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