The Federal Reserve is expected to cut interest rates this week. Rates are currently around 4.25% to 5.5%, but the Federal Reserve is expected to lower the interest rate by a quarter point to 4.00%–4.25%, according to a Reuters poll of 107 economists.

Over the past year, the Federal Reserve Bank has avoided cutting interest rates. Higher rates help curb inflation by making it more expensive to borrow money. In turn, this incentivizes people not to spend, which slows down price increases.

Trump has been pressuring Federal Reserve Chair Jerome Powell to cut rates, while asserting that inflation is a nonissue. (According to a new Consumer Price Index (CPI) report, as of August consumer prices increased by 2.9% since last year: higher than the Fed’s goal of 2%.)

“Could somebody please infor

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