Inflation fight divides Fed as prices stay painfully high

From Wall Street traders to Main Street shoppers, Americans are feeling the ripple effects of the Federal Reserve’s latest move to cut interest rates. The Fed’s decision was aimed at jump-starting a slowing economy clouded by stubborn sticky inflation and political tension. The Fed’s quarter-point cut to a 3.75%–4.00% benchmark rate makes borrowing cheaper, potentially spurring spending and job growth. But with grocery, rent and utility costs still surging up the wazoo, many households aren’t feeling mu ...