LAS VEGAS (KTNV) — Some financial relief could soon be on the way. Economists say there’s a strong chance the Federal Reserve will cut interest rates on Wednesday afternoon — marking the first reduction of 2025.

For families across Las Vegas, that could mean immediate savings on mortgages, car loans, credit cards, and even home equity lines.

Shakiera Hawkins spoke to the experts to learn what a cut could mean for locals. Federal Reserve expected to cut interest rates — What it means for your wallet

For Las Vegas resident Christine James, even a small cut would be a game-changer.

“Even by a slight deduction will help out,” James said.

She explained that high interest rates previously discouraged her from buying a home.

“That makes me a little bit happy because I previously was in

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