The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.

Interest-rate cuts are supposed to lower borrowing costs, but that’s not necessarily happening for credit-card users.

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What it means after the Fed cut interest rates again

The Federal Reserve said it is lowering rates by a quarter of a percentage point on Wednesday, marking a full percentage point drop since September. CBS News business analyst Jill Schlesinger ...
CBS News - 16h
Fed lowers rates by 0.25 percentage point, but expects fewer cuts

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
CBS News - 1d
The Fed cut interest rates by another 25 basis points—here’s what will get cheaper

The Fed has cut its benchmark interest rate by 1% since September, making borrowing cheaper for credit cards, loans and auto financing.
CNBC - 1d
Despite Fed cuts, many store credit cards are still charging customers extreme interest rates

Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs), despite moves by the Federal Reserve to lower interest rates in the economy.
NBC News - 1d
Fed expected to make another cut in final interest rate decision of 2024

The Federal Reserve on Wednesday will make its final interest rate decision of 2024 with a 0.25 percentage point cut expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
CBS News - 1d
Fed Expected to Cut Rates, and C.E.O. Shooting Suspect Branded Terrorist

Plus, a beefy new skin care trend.
The New York Times - 1d
Why some credit card APRs are rising even after the Fed slashed interest rates

Most credit cards have a variable rate with a direct connection to the Federal Reserve’s benchmark.
NBC News - Dec. 10
The Fed slashed interest rates, but some credit card APRs aren't going down. Here's why

Although the Federal Reserve started slashing interest rates in September, the average retail card rate has only gone up.
CNBC - Dec. 9
Inflation threatens Fed rate-cut expectations once again. Here’s why.

With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...
MarketWatch - Dec. 4

The Fed cut rates again — but don’t expect your credit-card APR to get much lower anytime soon. Here’s why.

Topics

Related

What it means after the Fed cut interest rates again

Fed lowers rates by 0.25 percentage point, but expects fewer cuts

The Fed cut interest rates by another 25 basis points—here’s what will get cheaper

Despite Fed cuts, many store credit cards are still charging customers extreme interest rates

Fed expected to make another cut in final interest rate decision of 2024

Fed Expected to Cut Rates, and C.E.O. Shooting Suspect Branded Terrorist

Why some credit card APRs are rising even after the Fed slashed interest rates

The Fed slashed interest rates, but some credit card APRs aren't going down. Here's why

Inflation threatens Fed rate-cut expectations once again. Here’s why.

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