Signaling their inflation strategy is working, the Federal Reserve has cut interest rates by a better-than-expected half percentage point, bringing the federal funds rate to 4-3/4 to 5-percent. CBS News Business Analyst Jill Schlesinger tells us just about everyone is impacted by the Fed's decision.

(Getty Images / pabradyphoto)

<p>Signaling their inflation strategy is working, the Federal Reserve has cut interest rates by a better-than-expected half percentage point, bringing the federal funds rate to 4-3/4 to 5-percent. CBS News Business Analyst Jill Schlesinger tells us just about everyone is impacted by the Fed's decision.</p>
<p>(Getty Images / pabradyphoto)</p>

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