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Summary of Don't expect 'immediate relief' from the Federal Reserve's first rate cut in years, economist says. Here's why

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Don't expect 'immediate relief' from the Federal Reserve's first rate cut in years, economist says. Here's why


The first interest rate cut in four years is on deck. For many households, this policy shift is welcome news, but one cut won't make a big impact, experts say.

https://www.cnbc.com/2024/09/13/what-to-expect-ahead-of-federal-reserves-first-rate-cut-in-years.html

The article discusses the possibility of the Federal Reserve cutting interest rates in response to cooling inflation. Experts believe that this move will have a minimal impact on consumers in the short term, but will lead to a series of rate cuts that will have a meaningful impact on borrowing costs in the long term.