Is the Fed making a policy mistake?

The U.S. Federal Reserve has decided to stay put and follow market expectations by not cutting rates. However, by changing its statement, the Fed set expectations for a September cut, saying that job gains have moderated and that inflation was now only “somewhat elevated.” Ashish Utarid, IG Wealth Management’s Assistant Vice-President of Investment Strategy, asks, “Will the Fed’s eventual rate cut come too late?”