Inflation is Dropping – and it looks like Interest Rates will Follow Suit

Jerome Powell, Federal Reserve Chair, said today that if inflation signs continue on this promising path, interest rate cuts are in sight. The Fed is waiting for higher confidence that inflation levels are staying around the target level of 2%, and with that confidence, restrictions will be cut. Recently, price increases have been slowing more and more, which is a good indication that inflation will soon drop to desired levels.