The Fed is about to deliver the last rate cut for a while

News Snapshot:

Washington CNN — The Federal Reserve on Wednesday is expected to cut interest rates for the third time this year, in what could be the last rate cut for months. The US economy remains resilient, with the job market holding steady and economic growth forging ahead. But inflation’s progress to the Fed’s 2% target may have stalled in recent months. Put together, economic figures show the Fed doesn’t need to be in any rush to lower borrowing costs after this week — a stance communicated by the Fed’s leader recently. “We can afford to be a little more cautious,” Fed...