Federal Reserve cuts rates of interest by 0.25 proportion factors

The Federal Reserve reduce its benchmark rate of interest by 0.25 proportion factors Wednesday, bringing the federal funds fee to its lowest degree in additional than three years. CBS News’ Kelly O’Grady and Olivia Rinaldi have extra.

CBS News 24/7 is the premier anchored streaming information service from CBS News and Stations that’s out there free to everybody with entry to the web and is the vacation spot for breaking information, dwell occasions, unique reporting and storytelling, and packages from CBS News and Stations’ high anchors and correspondents working regionally, nationally and across the globe. It is out there on greater than 30 platforms throughout cellular, desktop and related TVs at no cost, in addition to CBSNews.com and Paramount+ and dwell in 91 international locations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on X: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]