How Borrowers Will Benefit From the Fed’s Interest-Rate Cut

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 19 September 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve cut interest rates by half a percentage point yesterday, the first reduction since 2020. Wall Street Journal economics reporter Justin Lahart joins host J.R. Whalen to discuss how it’s likely to affect credit-card account holders and prospective home buyers. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:18.0	Here's your money briefing for Thursday, September 19th.
0:21.0	I'm J. R. Whelland for the Wall Street Journal.
0:25.0	Earlier this week we discussed how you're likely to earn less on your cash as a result of
0:30.9	this week's interest rate cut by the Federal Reserve.
0:33.4	The news is better if you plan to borrow money for things like credit cards and a house.
0:38.8	There is a thought that cuts in short-term rates will bring mortgage rates down. So definitely we could see
0:46.4	more relief on that front. We've already seen a significant amount and we're
0:50.6	starting to see that show up in housing.
0:53.0	Wall Street Journal Economics reporter Justin Leahart will join us after the break.
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