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The Federal Reserve is on the verge of cutting interest rates. Here's what to know

03:12
Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on Wednesday — but will need to decide on the size of the move. (Getty Images)
Fed Chair Jerome Powell prepares to deliver remarks at a conference on Nov. 8, 2023, in Washington, D.C. The Fed is set to cut interest rates for the first time since 2020 on Wednesday — but will need to decide on the size of the move. (Getty Images)

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