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The Federal Reserve is making a rate cut decision on Thursday. Here's the impact on your money.

CBS News
Summary
Nutrition label

86% Informative

The Federal Reserve is expected to cut interest rates for the second time this year .

The decision will come less than two months after its surprise jumbo cut in September .

The Fed is easing off the brakes it applied when inflation hit a 40-year high during the pandemic.

The move will provide some relief for consumers, but the initial benefit will be small, experts say.

VR Score

93

Informative language

95

Neutral language

61

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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