Fed Rate Cut: What Consumers Can Expect in 2024

March 30, 2025

The recent Fed rate cut marks a pivotal shift in monetary policy, as the Federal Reserve has reduced its key interest rate by a substantial half-percentage point for the first time in four years.This interest rate reduction is good news for consumers, particularly those struggling with credit card debt and higher borrowing costs, as it signals a potential easing of financial burdens.
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