Here’s how inflation and the cost of borrowing have changed since the Fed started raising interest rates in March 2022. After peaking at 9.1% in June 2022, inflation has eased, falling to a three-year low of 2.5% in August, just above the Fed’s 2% target rate.

Inflation is no longer the central focus on the Federal Reserve, they said. The Federal Reserve has finally delivered its first interest-rate cut in four years — and a jumbo-sized one at that. It's largely being viewed as an important step towards ...