Federal Reserve Chairman Jerome Powell announced that the Fed will cut interest rates for a second time this year. The federal funds rate, which controls the cost of mortgages, credit cards and other borrowing, will now hover between 1.75% and 2%.
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Wed, 09/18/2019 - 12:31pm
Federal Reserve Chairman Jerome Powell announced that the Fed will cut interest rates for a second time this year. The federal funds rate, which controls the cost of mortgages, credit cards and other borrowing, will now hover between 1.75% and 2%.