Why the Fed cut interest rates for the first time in 4 years

Name: Why the Fed cut interest rates for the first time in 4 years
Uploaded: 2024-09-18T19:01:00-0400
Duration: 2 min 25 s
Description: The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.

The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for TheStreet, joins CBS News to explain the Fed's move.