Americans might not quickly feel the effects of the Fed's first rate cut in over four years.Getty Images; iStock; Natalie Ammari/BIThe Federal Reserve cut interest rates by 50 basis points on Wednesday.But the lag in monetary policy means it'll take time to feel the relief.It'll take a while for mortgage, car loan, and credit card rates to come down.The nation's central bank has finally cut interest rates for the first time in over four years.
Comment on When interest-rate cuts will hit credit cards, car loans, and mortgages
asheffey@businessinsider.com (Ayelet Sheffey,Madison Hoff), Business Insider
Wed, 09/18/2024 - 11:09am
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