The Federal Reserve is widely expected to cut interest rates soon, following a decline in inflation. However, experts question whether these cuts will come early enough to avoid a recession. The current economic climate has led many economists to predict a rate cut as early as next month. A decrease in interest rates could stimulate the economy and boost consumer spending. On the other hand, some argue that cutting rates too soon could lead to inflationary pressures down the line.

Source: https://www.nytimes.com/2024/08/08/business/economy/federal-interest-rates-inflation.html