The Federal Reserve is set to cut borrowing costs at its two-day meeting that ends Wednesday. The goal: preserve a solid job market now that price pressures have cooled. The decision over whether to cut the Fed’s benchmark interest rate,

It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020. The move would mark a major milestone both for the central bank’s long fight with inflation and for Americans battling a higher cost of living for the past two years.

The central bank will almost certainly lower interest rates when it concludes its meeting on Wednesday. But there is still uncertainty over how big the cut will be.