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cbsnews.com_5 / CBS News U.S.
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2024-09-18 23:39:14

Federal Reserve enacts first rate cut since 2020

Federal Reserve enacts first rate cut since 2020


The Federal Reserve lowered interest rates by half a percentage point Wednesday, more than expected. It's the first rate cut since the pandemic in 2020, and the largest cut since the 2008 financial crisis. Jo Ling Kent has more on what the move means.

https://www.cbsnews.com/video/federal-reserve-enacts-first-rate-cut-since-2020/
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