How the Fed’s fee cuts will have an effect on Americans instantly?

The Federal Reserve introduced its third consecutive rate of interest lower of the yr on Wednesday, slicing its benchmark fee by 1 / 4 level. Interest charges have now been slashed by a full proportion level since September. CBS News contributor Javier David breaks down its impression.

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, stay occasions, authentic reporting and storytelling, and applications from CBS News and Stations’ high anchors and correspondents working regionally, nationally and across the globe. It is on the market on greater than 30 platforms throughout cellular, desktop and related TVs without cost, in addition to CBSNews.com and Paramount+ and stay in 91 nations.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: 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 Twitter: 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]