Why credit card rates remain high, even after interest rate cuts

Credit card interest rates stand near a record high.

Why credit card debt forgiveness is worth it even with more Fed rate cuts

Another interest rate cut was just issued. Here's why you should still pursue credit card debt forgiveness anyway.

Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.

Business - CNBC - November 1

How far will credit card interest rates fall in November?

There may be another Fed rate cut on the horizon in November. Here's how it could impact credit card rates.

Credit card interest rates are surging: How to lower yours now

The average card rate now surpasses 23%, a record high. Luckily, there are rate-reducing strategies that can help.

Will credit card interest rates increase now that inflation is climbing?

Inflation ticked back up again in October, which could impact your credit card interest rates. Here's how.

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

10-year Treasury yield ends below 4-month high after Fed cuts rates again

Yields on long-dated U.S. government debt dropped from their highest levels since early July on Thursday, after the Federal Reserve delivered a widely expected quarter-point interest-rate cut.

Business - MarketWatch - November 7

Why you should open a CD even as the Fed continues to cut rates

An additional Federal Reserve rate cut is expected to be issued this week. Here's why you should open a CD anyway.

Inflation rises 2.6% in October after Fed starts interest rate cuts

U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch ...

If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Business - The New York Times - November 7

Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts

With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.

Business - CNBC - November 7

What the Fed rate cut means for mortgage interest rates

Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.

What the Fed rate cut means for HELOC interest rates

The Federal Reserve issued another cut to the federal funds rate this week. Here's what it could mean for HELOC rates.

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

Bank of England cuts interest rates to 4.75%

Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast

World - Financial Times - November 7

Federal Reserve cuts interest rates by a quarter point

The Federal Reserve approved its second consecutive interest rate cut Thursday.

Business - CNBC - November 7

How Fed Rates Influence Credit Cards, Loans, Savings and More

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

Business - The New York Times - November 7

ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – business live

Rolling coverage of the latest economic and financial news. Newsflash: Inflation across the eurozone fell by more than initially thought last month, which may cement the chances of interest rate ...

World - The Guardian - October 17

ECB cuts interest rates to support flagging eurozone economy

Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...

World - The Guardian - October 17

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%

World - ABC News - November 7

Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald ...

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

World - ABC News - November 7

Watch live: Fed Chair Jerome Powell speaks after interest rate cuts

Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...

Politics - The Hill - November 7

The Federal Reserve cuts interest rates by a quarter point after election. Here's what that means for you

The second interest rate cut in a row will affect consumer borrowing costs. Here's what it means for your credit card, mortgage rate, car loan and savings.

Business - CNBC - November 7

Stocks end lower after Powell throws cold water on hopes for December interest-rate cut

The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.

Business - MarketWatch - 8 hours ago

Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates

Fed rate cuts and lending rates do not always experience like-to-like movement. Here’s a quick look at rates, and what to expect moving forward.

Business - Inc. - October 30

Fed May Cut Rates in Response to Tight Credit Conditions

This week, the central bank will likely announce reduced interest rates as low demand for loans continues.

Business - Inc. - November 6

What will happen to mortgage rates after this week's Fed rate cut?

The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.

Surprise fall in inflation to 1.7% paves way for interest rate cuts

September's figure comes two weeks ahead of the Budget and will be used to decide how much benefits will rise in April.

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for the first time since 2011.

Business - The New York Times - October 17

European Central Bank, seeing no signs of recession, cuts interest rates again

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after ...

World - ABC News - October 17

China cuts interest rates in battle to hit year-end growth target

Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growth

World - Financial Times - October 21

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