The Long-Awaited Rate Cut Is Here. Here’s What That Means for Your Wallet – WSJ.com
September 19, 2024Interest rates have been high for the last couple of years. Credit card rates now hover over 21%, and while mortgage rates have dropped in recent weeks, they’re still in the mid-6% range — more than double what they were just a few years ago.
Fortunately, with the latest Federal Reserve news, prohibitively high rates may soon be a thing of the past and Americans can finally breathe a sigh of relief.
Jeff Taylor, Founder & Managing Director at Mphasis Digital Risk, shares his views on how the Federal Reserve’s latest move will impact homeowners, credit card users, investors and more.
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