The economy appears to be slowing but remains resilient. That's why the Fed is likely to move gradually. The risk is the window for a soft landing is closing.

With a fall rate cut looking likely now, households may finally get some relief from the sky-high borrowing costs — depending on a few key financial moves.

The Federal Reserve lowered rates by a quarter point, but Stephen Miran, a Trump appointee who joined the board this week, voted for a bigger cut. Balancing persistent inflation…