@cbsnews: Federal Reserve Chair Jerome Powell on Wednesday announced the Fed lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth. The Fed cut reduces the federal funds rate — what banks charge each other for short-term loans — to between 4% and 4.25%, down from its prior range of 4.25% to 4.5%. Tap the link to read more. #economy #moneytok #interestrates #Fed #powell

Liam :

Those Epstein files gotta be ATROCIOUS 😭💔

Gaia :

They are drastically underreporting unemployment. There are more people needing jobs than there are jobs available.

vduran :

What does a 0.25% interest rate cut mean? For an owner-occupant with a 25-year loan of $500,000 paying principal and interest, a 25 basis point interest rate reduction means their monthly payments could decrease by approximately $77 per month. This would mean a savings of $924 per year in their household budget. this is disrespectful for American. citizens

octobervibes :

Yall say inflation while my stores are low prices and gas is 2:49

CJ :

yeah, and I love how everybody complained when Biden was in office about the cost of gas, cost of eggs. I mean it was nonstop on social media. Nothing has lowered at all if anything it’s higher. We’re paying more for our groceries right now now than were then

Stay :

Lower it to 3%. Watch economy sore. People will buy buy buy and create jobs

Wonder_Bread_1999 :

Do 3% that’ll get things rolling

Kristin Nicol :

Wowwwww so mortgage will go from 6000 a month to 5850. THANK YOU. 😂

Flojo :

How does the unemployment rate stay low with the amount of people that have been fired and deported?

TAG05 :

🇨🇦 Interest Rates in Canada 2.5%. & We have Universal Health Care & Great Gun laws. Oh & our Tourist industry is Booming.

user4101693499166 :

.25 what a joke. should be 3.25

Rose 💕 :

Finally, some movement from the Fed let’s see if this actually gives the economy the boost it needs!

komwa1 :

Hes dragging his feet but losing the fight. Trump was right but we all paid

oldcoyote :

get rid of the federal reserve and go back to the gold standard.....

zoot :

GRIZZY :

They say 2024 like that was a long time ago 🤣

Margo❤️💋 :

Jerome Powell out here making interest rates feel like a rollercoaster ride 🎢

Dan Fairchild :

drop the federal reserve and have the treasury dept do it's job

El gallo700 :

Not the time to buy

⃟ :

Good afternoon📈

Geo.tanner :

interesting

. :

ben Ik mooi?

Warren Loader :

so the first cut since last year then. 🙈😂🤣

ROBIUL MIZI :

সাপোর্ট করলে সাপোর্ট পাবেন🥰🥰🥰