• 2 months ago
Federal Reserve chair Jerome Powell expected to announce the first interest rate cut in four years Wednesday.

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

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