The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest rates is going to be much slower than the pace at which they hiked, according to Greg McBride, chief financial analyst at Bankrate. “Interest rates took the elevator going up; they are going to take the stairs coming down,” he said.
Source: CNBC – Bonds
