Former Federal Reserve vice chair Richard Clarida shared his opinion about what would happen to interest rates now that the Fed has cut rates after four years. Clarida explained on FT that the level at which interest rates settle will be crucial to the entire economy,

Kashkari said that the current stance of monetary policy remains restrictive of growth, although by how much is unclear.

The Federal Reserve cut the interest rate by 50 basis points – and the market RAISED its rates by the same amount. The Fed said "Down" and the markets said "Nope."

Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.

Collins said that while core inflation pressures remain elevated, she is increasingly confident inflation is moving back to the Fed's 2% target.

Most investors were expecting the Federal Reserve to cut rates by 0.25% or 0.50%. The move was already well-baked into the market, so it’s not surprising to hear they went for the full 0.50%. But this is only the beginning of a series of cuts expected over the next year or two.