**Question 1:** What is the current situation regarding the Federal Reserve's interest rates?
**Answer:** The Federal Reserve is expected to announce a cut in its key interest rate, which has been at a two-decade peak, in response to economic conditions.
**Question 2:** What are the implications of the Federal Reserve cutting interest rates?
**Answer:** A cut in interest rates could help stimulate economic growth by making borrowing cheaper for consumers and businesses, potentially leading to a 'soft landing' for the economy.
**Question 3:** Who is affected by the Federal Reserve's decision on interest rates?
**Answer:** American consumers, home buyers, business people, and political leaders are all closely watching the Federal Reserve's decision, as it impacts borrowing costs and overall economic conditions.
**Question 4:** What is a 'soft landing' in economic terms?
**Answer:** A 'soft landing' refers to a scenario where the economy slows down without entering a recession, allowing for controlled growth and stability despite rising interest rates or inflationary pressures.
**Question 5:** Why have consumers and business leaders been waiting for the Federal Reserve's announcement?
**Answer:** They are eager to understand how the interest rate cuts will affect borrowing costs, consumer spending, and overall economic conditions, which are crucial for making informed financial decisions.