Federal Reserve Cuts Interest Rates Again, What Does This Mean For Consumers?

PITTSBURGH (KDKA) — After the Federal Reserve raised interest rates four times in 2018, it has now cut those rates twice in three months.
“They’re cutting interest rates basically in response to lower inflation, really almost non-existent inflation,” David Root, a certified financial planner, told KDKA money editor Jon Delano on Thursday.
Root said a cut in interest rates usually boosts the stock market.
“It tends to be stimulative for stocks and bonds,” he sa