Reported 2 days ago
As the Federal Reserve approaches its January meeting, it seems likely to avoid cutting interest rates, leaving consumers eager for answers on how long high rates will persist. Following a series of rate cuts last year amid slowing inflation and job market fears, rates remain elevated, impacting consumer borrowing costs significantly. Experts suggest that a future cut may depend on persistent inflation trends and economic resilience but caution against hasty decisions, indicating a possibly prolonged period of stability in rates.
Source: YAHOO