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The Federal Reserve will cut interest rates on Wednesday for the first time since 2020.
In unusual circumstances, there is still uncertainty as to how much of a cut the central bank will make.
The Fed’s decision will be announced at 2 p.m. ET, followed by a press conference by Chairman Jerome Powell.
By lowering interest rates, the Federal Reserve will make borrowing money less expensive, thereby relieving some of the pressure on consumers’ wallets.
Investors are unsure of the outcome
How much will the Federal Reserve cut interest rates?