Comment on Here’s what a Fed rate cut this week could mean for your wallet

Here’s what a Fed rate cut this week could mean for your wallet

If the Federal Reserve cuts interest rates this week, this is how it could affect mortgages, car loans, credit cards, and more. The Federal Reserve hasn’t lowered interest rates in four years, raising the federal funds rate 11 times since 2022. Now, much to the relief of Wall Street and many consumers, we appear to be on the verge of a cut.

 

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