How the Fed inter­est rate deci­sion could have ‘sig­nif­i­cant’ impact on Har­ris

The Fed­er­al Reserve’s wide­ly antic­i­pat­ed rate cuts on Wednes­day could be a well-timed polit­i­cal boost for Vice Pres­i­dent Kamala Har­ris if vot­ers sour about the econ­o­my under the Biden admin­is­tra­tion see relief.
The Fed is expect­ed to low­er its bench­mark rate, which sits at a 23-year high, on Wednes­day in the 2 p.m. hour. The reduc­tion will mark the Fed’s first since unleash­ing a flur­ry of rate hikes to address coro­n­avirus-linked infla­tion, and experts pre­dict a rate cut of 25 to 50 basis points.
The move will not only pr …