Jay Powell hinted that the Fed would cut interest rates in September, and financial markets say 86% probability. But the 1 in 7 chance of no change merits consideration.

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but gave no hint on the timing of a move and suggested the central b

Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data.