September 2nd, 2024 by WCBC Radio

The Federal Reserve said it is ready to start cutting its key interest rate from it current 23-year high. There was no timeline of when the cuts would begin or how large they may be. The announcement follows news that inflation fell to 2.5% in July, only slightly above the central bank’s 2% inflation target.

Congressman Jim Himes serves on the House Financial Services Committee and says the Federal Reserve works to keep the economy going without causing inflation…