Fed Prepares for September Cut as Powell Shifts Focus to Jobs

What You Need To Know

• But Fed officials still want to see price numbers trending down toward their 2% annual inflation goal before they fully commit to the cut.
• Most officials haven't said when the first cut will likely happen, but many marketwatchers have interpreted their comments as signaling a September move.
• Former President Donald Trump said the Fed shouldn't cut rates prior to the election.