Fed minutes point to ‘likely’ rate cut coming in September

The Federal Reserve’s meeting minutes indicate a strong probability of a rate cut in September. Policymakers think it would be a prudent move to help maintain the US economy’s growth momentum. Lower interest rates can stimulate economic activity as it reduces the cost of borrowing, encourages consumer spending and business investment. However, the decision is not definite and will be influenced by various factors including domestic and international economic indicators, geopolitical tensions and trade issues. It’s crucial to be informed about the Federal Reserve’s monetary policies as