CHICOPEE, Mass. (WWLP) - The Federal Reserve has cut interest rates for the first time in nine months, with the possibility of two more cuts by the end of the year.

The decision to reduce rates comes amid pressure from the Trump administration and changes within the Federal Reserve Board. Stephen Miran, newly appointed by President Trump, joined the board, while efforts to remove board member Lisa Cook are ongoing.

Mark Teed, senior vice president of investments at Raymond James and Associates, noted that the Federal Reserve's decision to cut interest rates is expected to lower borrowing costs for consumers.

The Federal Reserve's decision to cut interest rates is expected to lower costs for variable rate mortgages and borrowing, providing relief for consumers. Mark Teed noted that the r

See Full Page