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  2. The Federal Reserve is finally lowering rates. Here's what ...

    www.aol.com/federal-finally-lowering-rates-heres...

    The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

  3. Explainer-What does a Fed rate cut mean for American ... - AOL

    www.aol.com/news/explainer-does-fed-rate-cut...

    But the Fed isn't expected to slash its policy rate, so those rates - currently above 8% for five-year bank car loans, and more than 21% for bank credit cards, Fed data shows - likely won't move ...

  4. Welcome to interest-rate-cut week: Here's how the Fed's next ...

    www.aol.com/welcome-interest-rate-cut-week...

    Credit-card interest rates have been at historic highs — a February report from the Consumer Financial Protection Bureau said the average annual percentage rate on credit cards had almost ...

  5. The Federal Reserve is finally lowering rates. Here's what ...

    lite-qa.aol.com/politics/story/0001/20240918/...

    That said, the Fed's declining benchmark rate will eventually mean better rates for borrowers, many of whom are facing some of the highest credit card interest rates in decades. The average interest rate is 23.18% for new offers and 21.51% for existing accounts, according to WalletHub’s August Credit Card Landscape Report. Still, “the best ...

  6. The Fed seems ready to cut interest rates. What does it mean ...

    www.aol.com/fed-seems-ready-cut-interest...

    September 16, 2024 at 8:28 PM. Sloan Graeme /Sipa USA. The Fed is expected to cut interest rates this week, a decision likely to be the start of a gradual decline in how much consumers pay for ...

  7. The Fed has finally cut rates after holding for 12 months at ...

    www.aol.com/finance/fed-left-rates-unchanged...

    With inflation finally dipping below 3% in July and now headed toward the 2% target, the Fed announced at its September 18 meeting that it would cut interest rates by 0.50%, with more cuts ...

  8. How to prepare for an interest rate cut (and 4 money moves ...

    www.aol.com/finance/financial-steps-fed-rate-cut...

    1. Boost your interest income with a high-yield savings account. While the Fed is likely to cut interest rates soon, there’s still time to maximize the passive income you earn by opening a high ...

  9. When’s the next Federal Reserve meeting? What to expect - AOL

    www.aol.com/finance/when-is-next-fed-meeting...

    The federal funds rate — or Fed rate — is the benchmark rate that sets the outlook on the state of the country’s economy, and it affects the interest rates you get on deposit accounts, loans ...

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