New York CNN —
Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. Now that inflation has slowed substantially and is expected to cool further, the central bank is expected to embark on a rate-cutting campaign over the next two years, starting as early as September.
If it does, rates should decline on a wide swath of financial products for Americans, from credit cards and home loans to bank accounts and certificates of deposit, among others.
Given how many ways lower rates can affect
→ Continue reading at CNN - Business News
