The Fed is about to give more clues as to when it will finally start cutting rates

The Federal Reserve is expected to provide a hint on Wednesday that it may lower borrowing costs in the coming months. This comes as the central bank decides to keep interest rates at their current levels for the eighth consecutive time. The Fed had started raising rates in 2022 to combat high inflation, but inflation has since decreased. Job market conditions have weakened in recent months. Fed officials have expressed satisfaction with the latest inflation data but are not yet comfortable with cutting rates. Fed Chair Jerome Powell will address the press conference after the meeting.