What Does an Interest Rate Cut Mean to You?

"Good Morning America" financial contributor Mellody Hobson answers some frequently asked questions about what today's meeting of the Federal Reserve board means to consumers. It seems as if the general consensus is the Fed will make a cut in interest rates at its meeting today, but by how much is up for debate. What do you think will happen? While some are anticipating a cut of 0.5 percent, I'm leaning more conservatively and believe we will see a rate cut of 0.25 percent, which would...Full Story
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