Hear Chair Powell explain decision to slash interest rates
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The Federal Reserve announced a jumbo-sized rate cut, itsΒ first rate reduction cut since Covid. Federal Reserve chair Jerome Powell held a press conference to share more about the supersized rate cut.Β
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Hereβs how the Fedβs rate-cut move will affect your life, including your credit cards, car loans, home loans, high-yield savings accounts, certificates of deposits and other financial accounts.
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