Markets are ready for another interest rate cut this week. They expect the Federal Open Market Committee (FOMC), the policy arm of the Federal Reserve, to stick with its lower interest-rate policy, setting the federal funds rate in a range 4.25–4.50 percent, down from the current rate of 4.50–4.75 percent.
However, the path to lower interest rates remains to be determined, as elevated inflation complicates the job of the nation’s central bank for future meetings.
