NEWSROOM

The Long-Awaited Rate Cut Is Here. Here’s What That Means for Your Wallet – WSJ.com

Interest 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.

Know More