Fed expected to cut interest rates: What does it mean for you?

Posted on AllSides July 31st, 2019
From The Left
Federal Reserve, interest rates

The Federal Reserve is expected to cut interest rates for the first in 10 years on Wednesday, and the market appears to be shrugging it off.

The Federal Open Market Committee is expected to announce a rate cut of 0.25% or 25 basis points -- the first such move since the financial crisis in December 2008. Economists and market watchers will be waiting to see if the central bank signals further cuts this year.

But how will the rate cut affect the average American?

The answer, economists say, is not...

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