The Fed announced it will cut interest rates by half a point, its first cut since 2020, making mortgage payments and credit card bills more affordable for Americans. How will the big economic news affect the presidential race?

Ahead of the Federal Reserve announcing a cut to interest rates on Wednesday, some economists say the key driver to the high price of goods and costly living remains unchecked.

Potential homebuyers and sellers have been holding off on making a move amid elevated mortgage rates and sky-high prices. But will the Federal Reserve's rate cut make a difference?

"The markets were crossing their fingers for a larger cut." The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by an unusual amount of market uncertainty as to how much the central bank would lower its benchmark rate from a two-decade high of 5.

The Federal Reserve will make its long-anticipated announcement on key interest rate cuts today – the first since March 2020. Jason Furman, former Chair of the White House Council of Economic Advisors during the Obama Administration,