The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. (AP video by Thomas Peipert and Nicholas Ingram)
Analyst reacts to Federal Reserve cutting key rate by sizable half-point
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for American consumers. (AP video by Thomas Peipert and Nicholas Ingram)
