The Impact of Fed's Rate Cuts and Inflation Goals on Your Finances

The US Federal Reserve has projected three rate cuts next year, which could have positive implications for consumers, businesses, and investors. Lower interest rates would make borrowing cheaper, potentially leading to a decrease in mortgage rates and making stocks more attractive. It would also remove some economic risks associated with hiking rates. However, there are potential risks to lower rates, and it is important to note that the Fed tends to cut rates when it starts to worry about an economic slowdown.