Here’s What the Federal Reserve’s Interest Rate Cut Means for You and Your Savings | Inc.com


The Federal Reserve announced on Wednesday that it would cut interest rates for the first time in a decade.

In an effort to sustain the US economy’s longest expansion on record, the Federal Reserve is cutting interest rates by a quarter-percentage-point, bringing the target range for the federal funds rate to between 2 percent and 2.25 percent.

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