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Federal Reserve interest rate cut expected. How will economy react?

CBS America · Older
CBS America
CBS America
Older

The Federal Reserve is expected to announce an interest rate cut as the nation navigates an affordability crunch. Kristin Myers, the ETF editor-in-chief for Asset TV, joins with more.

Breakdown
  • Fed expected to cut rates by 0.25%, with up to five dissenters 6s
  • Decision reflects tension between inflation and unemployment concerns 42s
  • Fed signals this may be the only cut for now, with no further cuts expected soon 1m 1s
  • Recent government shutdown limits available economic data for decision-making 1m 48s
  • Chair Powell's term ending in May raises questions about Fed's future direction 2m 20s