The Federal Reserve seems to be winning the inflation battle in the United States, Bank of America CFO Alastair Borthwick said, days after the central bank cut interest rates for the first time in more than four years.

The median forecast of Fed officials calls for about another half-point of easing this year and another full point next year. Falling rates have mixed implications for you. On the plus side, they mean lower payments on your mortgage,

The Fed's move to lower interest rates by 50 basis points puts the U.S. economy on track for a soft landing, according to Goldman's chief financial officer.