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Fed Rate Cut Decision Expected
Cheddar News
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1 year ago
Federal Reserve chair Jerome Powell expected to announce the first interest rate cut in four years Wednesday.
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00:00
Size does matter when it comes to today's decision from the Federal Reserve.
00:05
Fed Chair Jerome Powell expected to announce the first interest rate cut in four years Wednesday,
00:11
but experts are split on the size of the cut.
00:14
Many expect a quarter-point reduction while others believe the state of the labor market calls for a larger half-point cut.
00:22
Lower rates will mean lower borrowing costs for Americans and ultimately should bring down mortgage rates.
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