US Fed rate cut: How does it impact mortgages, credit card and savings accounts interest of Americans? Explained

Sep 18, 2025 - 20:30
US Fed rate cut: How does it impact mortgages, credit card and savings accounts interest of Americans? Explained

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The 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.

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