Reported about 11 hours ago
Federal Reserve officials are debating whether to cut interest rates in July, a decision that will significantly influence American finances. CEO Rob Conzo of Wealth Alliance explains how this impacts borrowing costs for mortgages, credit cards, and small business loans, as well as potential changes in savings rates. Lower rates could ease financial burdens for many, but the effects on credit cards may not align with reductions from the Fed, as companies often set higher rates regardless. Overall, individuals should prepare their financial plans in anticipation of these shifts.
Source: YAHOO