BREAKING: Fed planning big cut to interest rates

The Federal Reserve is expected to announce its first interest rate cut in more than four years. LiveNOW from FOX's Mike Pache caught up with University of Pennsylvania's Christina Skinner to discuss what you can expect.

The Federal Reserve is set to cut its benchmark for the first time in four years. Chair Jerome Powell said Fed officials feel confident that inflation has largely been defeated. Powell said, "we will do everything we can to support a strong labor market.” He added that any “further weakening” in the job market would be “unwelcome.”

Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX.

[hw]

Political rate cut, especially being .50 instead of .25.

[SuccessMindset]

Side effects are inflation and national debt

[johnwolf]

anything for a vgote- temp fed rate cutys, lower gas prices etc. meanwhile egss have tripled

[ro]

When is the last time a 50 bps cut results in S&P up only 0.35% a mere 45 minutes later?
🤔

[Protected_Lady]

Great here comes more inflation!! What happens if we lower interest rates?
Lower rates make borrowing money cheaper. This encourages consumer and business spending and investment and can boost stock prices. Lower rates can also lead to inflation, which undermines the effectiveness of low rates. Higher rates discourage spending and can depress company returns and, therefore, stock prices.

[royscustompaint]

This is pure politics. Nothing more. Election motivated.

[monalisacovington]

Thank you very much for sharing this text

[RosemarieHarris-sb]

If it was on under Trump, Fox News would be singing something different so polarizing smh

[nickcalderone]

If it's not at least 1 - 2%, then it's not going to make a difference.

[vinnietougas]

Think about this. Lowering the interest rate will not pay off the debt from the federal government. The federal government wants you to spend more on purchasing and still tax you. This will not stop the spending power of the federal government. Only inhance it

[meankitten]

AND HELP KAMALA WIN THE PRESIDENCY!
LITTLE LATE BOYS

[hobertmasterson]

i love the way she speaks as if her audience were 6 year olds

[angieketcher]

Economy's doing well?? Lol..is she nuts!!

[rajeevjain]

There would be a 50bps rate cut announcement.

[bennychaves]

People sit on your money; this is an effort to draw more for the coming collapse and the repayment of trillion-dollar dept?