Consumers could see higher borrowing costs if Fed stays on current path with interest rates

Fewer rate cuts would likely mean continued high mortgage rates. Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three rate cuts this year.Yet that outlook has swiftly changed. Several surprisingly strong economic reports, combined...