Bullet points of Explainer-What does a Fed rate cut mean for American households?

Bullet points of Explainer-What does a Fed rate cut mean for American households?
- The Fed is expected to cut interest rates to ease financial pressures on everyday consumers.
- The move is aimed at addressing rising worries about the cooling labor market.
- The Fed is expected to keep lowering rates to around 4.5% or even 4% by the end of the year.
- Lower interest rates are expected to make it less expensive for businesses and households to borrow and spend more freely.