KTLA consumer reporter David Lazarus breaks down the likely schedule of Federal Reserve interest rate cuts, and also California's place among the nation's cheapest tippers. Sept. 17, 2024.

But the Fed faces a big decision about how much to cut in its quest to achieve a “soft landing” after years of inflation.

The Federal Reserve is expected to cut rates at its September 18 meeting. Here's how the decision could impact your finances.