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What the Fed's rate cut means for your wallet

Name: What the Fed's rate cut means for your wallet
Uploaded: 2025-10-29T18:09:00-0400
Duration: 2 min 6 s
Description: The Federal Reserve has lowered interest rates for the second time in a row. The Fed announced a quarter of a percentage point rate cut, which falls in line with what economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.

The Federal Reserve has lowered interest rates for the second time in a row. The Fed announced a quarter of a percentage point rate cut, which falls in line with what economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.