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When could the Fed start cutting interest rates?

By Zach Halaschak
Published August 28, 2023 9:00am ET
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When could the Fed start cutting interest rates?
In this photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. | (Andrew Harnik/AP)

The Federal Reserve has been raising interest rates for the past 17 months, and consumers will likely not see rates go back down in the near future, according to economists.

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Federal Reserve Finance Inflation Interest Rates Jerome Powell Recession