It's unclear just how large the Fed's rate cut will be.
The Federal Reserve is expected to reduce interest rates for the first time in four years. It could have a huge impact on everything from housing prices to credit card debt.
"The time has come for policy to adjust," Fed Chair Jerome Powell said last month at an annual gathering in Jackson Hole, Wyoming. "The direction of travel is clear." "We will do everything we can to support a strong labor market as we make further progress toward price stability," Powell said last month.
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