Federal Reserve
US Fed rate cut: How does it impact mortgages, credit card and savings accounts interest of Americans? Explained
Federal Reserve policy adjustments influence consumer costs for various financial products. (AI image) How does the US Federal Reserve’s decision to cut the benchmark rate by 25 basis points to the 4-4.25% range impact the lives of common people in America? The Federal Reserve establishes the federal funds rate, which governs inter-bank lending practices. Although…
