Five ways the Fed's rate cut could affect consumers
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(Reuters) - The Federal Reserve's decision to cut interest rates on Wednesday for the second time this year could have wide-ranging implications for consumers' wallets. The Fed cut its benchmark rate by one quarter of a percentage point to a range of 1.75% to 2%, in a move that was widely expected as the Fed attempts to extend the economic recovery and combat low inflation. When officials cut rates in July, for the first time since 2008, they framed the decision as an effort to protect the..