CHATTANOOGA, Tenn. — It’s something many Americanshave been highly anticipating: theFederal Reserve cut interest rates for the first time in 4 years Wednesday.
That half-percentage point benchmark interest rate cut affects borrowing costs for Americans and businesses. That includes things like car loans, credit cards, and mortgages.
We spoke with experts in the housing market who saythis cut could be beneficial for those looking at buying or selling homes.
Jerome Powell, Federal Reserve Chair, says…..