Reported 12 days ago
The Federal Reserve anticipates a slower pace of interest rate cuts in 2025, with expectations of only two reductions instead of the previously predicted four. This cautious approach is due to ongoing inflation concerns and the potential impact of the new administration's policies on the economy. Borrowers may find little relief as rates are unlikely to drop significantly, especially for credit card debts, which remain high. Despite a slight decrease in mortgage and auto loan rates, consumers are advised to manage expectations while considering financial options.
Source: YAHOO