News

4 ways the Fed's decision to hold interest rates steady will impact your wallet
Here's how the Federal Reserve will impact mortgage rates, credit cards, car loans, and market stability.
Fed leaves short-term rates the same but it doesn't mean all rates aren't budging
The Federal Reserve keeps short-term rates the same in July, holding rates as is for the fifth meeting in a row. What's next ...
Debt relief moves to explore with interest rates on pause
The Fed's keeping high interest rates on pause. Here's what borrowers suffering under high-rate debt should do now.
CNET1mon
What else affects your credit card APR? - CNET
Interest rates affect how much it costs to borrow money, including how much you pay in interest for credit card debt. While the Fed's decision may not change your credit card interest ...
AOL7mon
Credit card interest rate forecast for 2025: Rates will only fall ... - AOL
The Fed cut its benchmark short-term interest rate, the federal funds rate, by a full point in 2024 and the average credit card rate has only dropped from 20.74 percent at the start of 2024 ...
The Fed may cut rates later this year. Here’s how to get the most from your cash savings now
Despite unprecedented public needling from President Donald Trump to lower interest rates, the Federal Reserve board stood ...
American Banker10mon
Trump's 10% rate cap plan for credit cards is bad math, experts say
Former President Donald Trump's latest populist economic salvo has given credit card issuers a new headache, even though experts are dismissive of its chances. The Republican presidential nominee's ...
Here's what credit card companies aren't telling you about APR
APR is deliberately confusing and compounds daily. Read disclosure boxes, use 0% offers strategically, and make multiple ...
Inflation Rises, Narrowing Chances for a Fed Rate Cut
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% ...
Fed leaves interest rates unchanged amid Trump pressure. 2 governors dissent.
The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.