What Powell’s Surprise Rate Cut Means for Your Wallet — From Mortgages to 401(k)s

Fed Reserve Chair Jerome Powell’s surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here’s what the move could mean for ordinary Americans.

​  Fed Reserve Chair Jerome Powell’s surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here’s what the move could mean for ordinary Americans.  

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Fed Reserve Chair Jerome Powell’s surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here’s what the move could mean for ordinary Americans.