The Federal Reserve is expected to lower its key interest rate by a quarter point on Thursday, signaling a shift after a half-point cut last month.
With the benchmark rate around 4.8 percent, consumers may see decreases in credit costs, including credit cards and home equity lines of credit.
Central bankers indicated possible further rate cuts by year-end, but stronger economic data and inflationary policies from President-elect Trump could complicate this.
As interest rates fall, areas like auto rates and car prices remain a challenge, despite dealerships offering more incentives to attract buyers.
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