How the interest rate cut could impact Americans

Breakdown

• The Federal Reserve cut interest rates by a quarter percentage point, as expected. 8s
• The immediate impact on consumers is limited, with effects on loans and mortgages expected over time. 48s
• The Fed's projections indicate the possibility of two more rate cuts this year. 1m 5s
• Steven Moran, recently appointed by President Trump, was the only dissenting vote, seeking a larger cut. 1m 29s
• There is internal debate within the Fed, with some members considering up to five cuts this year. 2m 7s