The Federal Reserve on Wednesday announced it was lowering its benchmark interest rate by 0.50 percentage points, the first cut since March of 2020. CBS News business analyst Jill Schlesinger explains what the rate reduction means for consumers.
How the Fed’s interest rate reduction will impact your finances
Categories:
Related Post
Clayton Kershaw, who couldn’t celebrate 2020 World Series, riles up Dodgers fans with epic speechClayton Kershaw, who couldn’t celebrate 2020 World Series, riles up Dodgers fans with epic speech
The Los Angeles Dodgers won their second World Series in four years, but Friday marked the first time they were able to celebrate with their fans. The Dodgers won the
UK extremism report draws India criticismUK extremism report draws India criticism
The Indian government has responded after a leaked UK government report listed Khalistan extremism and Hindu nationalist extremism as threats. The ministry of external affairs highlighted the known extremist threats
Drug costs, abortion, Obamacare: How Trump and Harris could change U.S. health careDrug costs, abortion, Obamacare: How Trump and Harris could change U.S. health care
Kamala Harris and Donald Trump are both pledging to make health care more affordable in the U.S., but have largely different approaches to doing so if elected.