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What do interest rate cuts do

What it means for you

Top line The Federal Reserve took the widely anticipated step on Wednesday, announcing its first interest rate cut in years. The move will have a significant impact on the finances of all Americans, making credit cheaper even as the golden…

What they mean to you

Top line The Federal Reserve is widely expected to announce its first benchmark interest rate in years on Wednesday. The move will have a significant impact on the finances of all Americans and make borrowing cheaper, but the golden days…