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Federal Reserve cuts interest rate by 0.5%: What it means for you

The Federal Reserve lowered interest rates Wednesday by 0.5% — the first cut since 2020 and the largest reduction in 16 years. NBC’s Christine Romans joins TODAY to break down what the size of the slash could mean for your money. » Subscribe to TODAY:    / @today   About: TODAY brings you the latest headlines and expert tips on money, health and parenting. We wake up every morning to give you and your family all you need to start your day. If it matters to you, it matters to us. We are in the people business. Subscribe to our channel for exclusive TODAY archival footage & our original web series. Connect with TODAY Online! Visit TODAY's Website: https://www.today.com/ Find TODAY on Facebook:   / today   Follow TODAY on Twitter:   / todayshow   Follow TODAY on Instagram:   / todayshow   » Stream TODAY All Day: https://www.today.com/allday About: TODAY All Day is a 24/7 streaming channel bringing you the top stories in news and pop culture, celebrity interviews, cooking, and more. All in one place. #interestrates #federalreserve #money