Federal Reserve expects interest rate cut next month, potentially benefiting mortgage, credit card, and car loan holders.
The Federal Reserve expects to cut interest rates next month, potentially providing relief to people with mortgages, credit cards, and car loans. To navigate the uncertain times ahead, financial experts offer the following recommendations: save in high-interest accounts, be cautious with high-yield CDs, pay down credit card balances, negotiate credit card rates, and consider investing in stocks. Consumers should also hold off on large purchases during this period of uncertainty.
August 08, 2024
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