Abstract: Higher rates benefit those who can save, but for borrowers, falling rates would reduce bills on credit cards, student loans and other forms of debt.
Lead Paragraph:
While the Federal Reserve is expected to keep its key interest rate unchanged on Wednesday, American households will want to know whether rate cuts are on the horizon, which could have meaningful implications for their monthly budgets.
Source: The New York Times
Category: Business
Sub Category:
2024-01-31T17:03:21+0000
By Tara Siegel Bernard