Big news about the U.S. economy! The Federal Reserve (Fed), which controls money in the U.S., is closely watching prices and jobs. It's reacting quickly to changes, just like a basketball player reacting to a fast break.
- The Fed raised interest rates last year because prices went up too fast (inflation).
- Now, the economy is slowing down, so the Fed might lower rates soon.
- Lower rates could make borrowing money easier for businesses and people.
| Interest Rate Now | 4.25%-4.50% |
|---|---|
| Possible Rate Cuts This Year | Two, maybe more |
| First Rate Cut Expected | June |
| Second Rate Cut Expected | October |
