Size of interest-rate cut won’t matter as much for your wallet as this Fed move

The size of the Fed’s interest-rate cut — 25 vs. 50 basis points — doesn’t matter as much for your wallet as this other key decision

It’s the biggest question on Wall Street: How big will the Fed’s rate cut be? For most Americans, the difference between 25 and 50 basis points will be ‘practically nothing’ — at least at first

Published: Sept. 17, 2024 at 1:00 p.m. ET

The biggest question on Wall Street right now is not if the Federal Reserve will cut interest rates at its meeting this week, but by how much.

But on Main Street, the exact size of the Fed’s rate cut won’t make that much of a difference. Your credit-card bill is a good example.