“Things such as credit cards, student loans, mortgage rates should start to come down a little bit more as a result of the actions of the Fed today,” Trotter said. Assistant Professor in Accounting at the University of Texas Dallas, Kirti Sinha agreed that credit card holders benefit from the rate cut.

As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rate twice more this year, reflecting growing concern over the U.S. job market.

Bloomberg News Anchor & Correspondent David Gura, CNBC Senior Analyst Ron Insana, Economics & Public Policy Professor of the University of Michigan Justin Wolfers, and The New York Times Chief White ...