Interest rate decision live — Federal Reserve to make huge call that will affect how Americans pay debt – when to watch ...Middle East

THE Federal Reserve is set to cut interest rates for the first time in over four years, a move anticipated to affect millions of Americans’ finances. On September 18, the Fed will likely reduce its benchmark rate, currently at a 23-year high, with economists divided on the size of the cut — either 0.25 or 0.5 percentage points. This rate reduction is expected to offer relief to home and car buyers, and those with high credit card debt. While mortgage and auto loan rates may decrease, savers might see reduced returns on their accounts. Experts suggest this could signal a series of future rate cuts into 2025. The announcement is expected at 2 pm ET, preceding a pres

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