Watch CBS News

What does the Fed's interest rate cut mean for you?

Name: What does the Fed's interest rate cut mean for you?
Uploaded: 2025-10-30T07:33:00-0400
Duration: 2 min 12 s
Description: The Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Wednesday for the second time this year. CBS News MoneyWatch correspondent Kelly O'Grady explains what that means for consumers.

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Wednesday for the second time this year. CBS News MoneyWatch correspondent Kelly O'Grady explains what that means for consumers.