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After suffering through the worst inflation in more than 40 years, Americans are finally starting to see some relief. Inflation cooled in July for the fourth consecutive month, moving closer to the Federal Reserve’s target 2% goal (it’s now 2.9%). Accordingly, the federal funds rate, frozen at its highest point in more than two decades, is expected to be cut when the Fed meets again in September. And while that rate doesn’t directly dictate what lenders offer borrowers, a reduction there can lead to reduced rates for a wide…
