Federal Reserve set to cut interest rates TODAY for the first time in more than four years: Questions remain over how big the move will be
The Federal Reserve is set to cut interest rates today for the first time in more than four years in a major move that could prove decisive to the finances of millions of Americans.
On Wednesday, the Fed is expected to lower its benchmark rate, as the US central bank starts to reverse the restrictive conditions it imposed to beat back inflation -but whether policymakers opt for a half-percentage-point cut or smaller move remains up in the air.