What The Fed’s Interest Rate Cut Means For You

What The Fed’s Interest Rate Cut Means For YouThe Federal Reserve cut its short-term benchmark rate by a half percentage point Tuesday morning. The timing of this rate cut, which comes in between the Fed’s scheduled policy meeting, hasn’t occurred since the 2008 financial crisis. This lowers the federal-funds rate to a range between 1% and 1.25%.

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via WSJ

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