Federal Reserve expected to make third straight interest rate cut
CBS America · Just In
CBS America
Just In
It appears all but certain that the Federal Reserve will cut interest rates on Wednesday. CBS News business analyst Jill Schlesinger explains why.
Breakdown
- Federal Reserve expected to cut rates for third straight meeting
- Rate cuts benefit borrowers but reduce returns for savers 21s
- Fed faces limited economic data and is data dependent 1m 14s
- Service sector inflation remains high and is a concern 1m 59s
- Fed balancing inflation risks with a cooling labor market 3m 9s