Reported 28 days ago
As the Federal Reserve initiates its interest rate easing, experts highlight that lower rates could positively affect savings and reduce credit card debts. A senior economic analyst emphasizes the importance of utilizing high-yield savings accounts to achieve better returns, while also advising Americans to prioritize paying off high-interest debt and delay borrowing for purchases like car loans. This strategic approach is suggested to bolster financial stability amidst current inflationary pressures.
Source: YAHOO