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Hey there, from CNN, I'm Chris Debeau with the five things you need to know for

Wednesday, September 18th. The Federal Reserve is expected to announce the first

interest rate cut since 2020 later today, a major

milestone in its fight against inflation. But a question on everyone's mind is

how low will they go? Wall Street remains divided on whether the Fed will introduce a quarter point cut

or a more drastic half point cut later today.

So how should you take advantage of this?

CNN's Julia Chatterly has some advice for you.

Hey Kristo, this is just the start of rate cuts,

but it does matter for our debts.

Yes, it will impact credit card rates almost immediately,

but when the average credit card rate is 25% this is a

rounding error on a rounding error focus on consolidation, 0% balance transfers and

smaller banks for better rates. Mortgages good news if you have an adjustable rate mortgage or a home equity line of credit,

...