Federal Reserve cuts interest rates amid economic uncertainty

The Federal Reserve cut its benchmark interest rate for the first time this year, dropping it by a quarter point. The change could have an impact on many lending rates and the Fed suggested two more cuts by year's end. To discuss the cut and what's ahead, Geoff Bennett spoke with Ron Insana, a contributor to CNBC and publisher of the Substack column, The Message of the Markets. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy