us-fed-rate-cut:-how-does-it-impact-mortgages,-credit-card-and-savings-accounts-interest-of-americans?-explained

123978374The US Federal Reserve has cut interest rates for the first time in nine months, reducing the short-term rate to around 4.1%. This decision, influenced by slow progress on inflation and a weakening job market, aims to address the dual challenge of high prices and difficult employment conditions.