Joe Soto

Joe Soto

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Federal Reserve cuts interest rates by a half point. Here's what that means

The Federal Reserve cut its benchmark rate by a half percentage point on Wednesday. For consumers, this means relief from high borrowing costs — particularly for mortgages, credit cards and auto loans — may be on the way. Now, with inflation backing down, there may be reasons to be optimistic.

Federal Reserve cuts interest rates by a half point. Here's what that means. See story here.


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