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After holding rates at a two-decade high, the time has come for the Federal Reserve to lower interest rates. With the Fed’s decision expected on Wednesday, the question remains: how big will the cut be? And will everyday consumers feel any relief? While rate cuts will give businesses crucially lower borrowing costs, everyday consumers could feel the impact too. Those who grapple with payments on credit cards, mortgages, and loans will especially feel the influence of this move from the Central Bank. FOX Business correspondent Lydia Hu speaks with Chief Market Strategist at Siebert Financial, Sean Bonner, about what experts forecast the size of this week’s rate cut to be, when Americans will feel the impact, and whether or not the U.S. economy appears headed for the “soft landing” economists are hoping for.
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