The Federal Reserve on Wednesday cut its benchmark interest rate by 0.25 percentage points. It's the third consecutive rate cut for the Fed as inflation continues to rise. CBS News MoneyWatch correspondent Kelly O'Grady explains what it means for you.
Dec 11, 2025 (01:38)
TRANSCRIPT FOR: “WHAT THE FED RATE CUT MEANS FOR CONSUMERS”
TONY DOKOUPIL:
00:01:35
Wow. Kelly O'Grady, thank you very much. Appreciate it.
