The Federal Reserve announced a highly anticipated rate cut of half a percentage point today — larger than many watchers anticipated. Which industries and companies will feel this interest rate cut the most, and what will it mean for everyday consumers?

Bloomerg’s Enda Curran joins host Sarah Holder to talk about what effects we can expect to see as the rate cut ripples through the US economy and the world — and hits our wallets.

Read more: Rent Is the Stubborn Part of the Inflation Story

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They caused global markets to seize up – and raised serious questions about just how much money was at stake. No, we’re not talking about the last Fed meeting, or the US jobs report. We’re talking about carry trades – an obscure part of international markets that this summer suddenly became less obscure.

On today’s Big Take podcast, our Bloomberg Explains series continues with Bloomberg Opinion columnist Shuli Ren. She tells hosts K. Oanh Ha and David Gura when the yen carry trade began and what went wrong, and we look at what this week's expected interest rate cut in the US could mean for the practice.

Read more: How Big Is the Yen Carry Trade, Really?

Further listening: Odd Lots Podcast - Bloomberg

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This week, the Federal Reserve is expected to cut interest rates for the first time in over four years. And there’s debate over how big the cut will be and how soon it will impact the economy.

Bloomberg’s Kate Davidson joins host David Gura to discuss this turning point for the economy, and what else Fed policymakers have in store for the future.

Read more: Fed Ready to Unshackle US Economy With Soft Landing at Stake

Further listening: What a September Cut Could Mean for the Economy and the Election

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