US Fed poised to cut interest rates: What it means for everyday Americans and its effects on savings, investments & loans

The Federal Reserve is set to lower U.S. short-term borrowing costs, marking a shift after over two years of high inflation. The central bank aims to reduce its key rate and continue lowering it through 2025. This move could impact loans, credit cards, savings, and mortgages, but won’t immediately improve housing affordability. The Federal Reserve is set to lower U.S. short-term borrowing costs, marking a shift after over two years of high inflation. The central bank aims to reduce its key rate and continue lowering it through 2025. This move could impact loans, credit cards, savings, and mortgages, but won’t immediately improve housing affordability.  Economic Times