#TODAY Federal Reserve Cuts Interest Rate for First Time in 2025
Federal Reserve Cuts Interest Rate for First Time in 2025
The Federal Reserve lowers its benchmark interest rate by a quarter of a point for the first time this year, bringing the range to 4.00% to 4.25%. For consumers, the move means potentially lower interest rates when it comes to credit cards, borrowing money for new auto and home purchases or taking out a home equity loan. NBC’s senior business correspondent Christine Romans reports TODAY.
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#interest #economy #inflation
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