The Federal Reserve – as expected – lowered interest rates on Wednesday by a quarter point, but the decision included an unusual three dissents. Two of the naysayers favored no cuts at all, while a third wanted a larger decrease of a half point.
The move will lead to lower borrowing costs for consumers on many categories of loans, as well as credit cards. Mortgages will also likely move lower.
This post originally appeared at U.S. News & World Report.