CHARLOTTE, N.C. (QC Life) - The Federal Reserve concluded its policy meeting Wednesday, cutting its benchmark rate by a half a percentage point, putting it in the 4.75-5 percent range.
CBS News business analyst Jill Schlesinger joined the show to talk about what the cut means for you and what to expect in the coming months.
She talked about why the Fed chose to cut rates by the amount they did, what they said about future cuts, and if a recession may be on the horizon.
For all of her answers, be sure to listen to our full conversation above.
Related: Breaking down the latest employment report
Copyright 2024 WBTV. All rights reserved.