FRESNO, Calif. (KSEE/KGPE) – The Federal Reserve slashed the rate to put the brakes on inflation and try to keep unemployment low.  Brian Ullmann says unemployment rates increasing in the last few months has led to this cut.  "Inflation has gotten a lot closer to the Federal Reserve's 2% target, which means they need to look at their dual mandate, which is to say they need to make sure that they have a lid on inflation and that they can maintain full employment," Ullman said. He also says if people want to start borrowing now, costs are now lower.  "Where this matters to people, I think every day is that if you're borrowing to do something like buying a car or paying for school, buying a house, you're borrowing costs are going to be a little bit cheaper than they were not too long ago," Ullmann said. Ullmann says since 2020, the United States has experienced extreme inflation.  "We're not going to go back to where we were pre-COVID. The days of 3% or less, 30-year mortgages, a car loan that's half of a percent, those days are done. But we also aren't going to have these days of 7 and 8%, 30-year mortgages. We're going to find that sweet spot, I think, over the next couple of years in between," Ullmann said.  Ullmann says he expects more rate cuts over time.  "We're looking at probably over the course of 12 months, a full 2% drop in interest rates from the Federal Reserve," Ullmann said.  Marcel Lanier, a local realtor, says the cut is a good thing for the housing market.  "Let's just hope this continues. And if I'm a home buyer, I would just make sure you sit down with your realtor, get yourself in a situation where you're set up to make a purchase when the time is right. If that interest rate goes down even further, you'll already be set up. And I'm in a position to make a purchase," Lanier said.  Overall experts say this cut means prices at grocery stores, restaurants, and a new car won't be going up the way they were over the last couple of years.