What the Latest Federal Reserve Interest Rate Cut Means for Your Wallet

What the Fed’s rate cut means for your mortgage, credit cards, and more

The Fed's interest rate cut will have a gradual impact on mortgages and credit card rate relief could be slow.

What the latest Federal Reserve interest rate cut means for your wallet

While the quarter-point cut won’t transform budgets overnight, experts say it may slowly bring relief to some borrowers and offer opportunities for those who approach it wisely.

What the Federal Reserve's interest rate cut means for consumers

NPR's Michel Martin speaks with Mark Zandi, chief economist at Moody Analytics, about the Federal Reserve's decision to cut interest rates and what it means for consumers.

Here’s what the interest-rate cut means for borrowers on everything from credit cards to mortgages

The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from credit card rates and mortgages to online savings accounts.