Watch CBS News

What an interest rate cut would mean for your money: "Not so good for savers"

Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter of a percent. It would be the second cut this year. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss how this could affect your bottom line.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.