The Federal Reserve went big, cutting the federal funds rate for the first time in four years with a half-percent reduction, the biggest single cut since 2008. Here's how it affects your loans, credit cards, mortgage rates and more.
Written by Tiffany Connors Tiffany Connors Tiffany Wendeln Connors is a senior editor for CNET Money with a focus on credit cards. Previously, she covered personal finance topics as a writer and editor at The Penny Hoarder. She is passionate about helping people make the best money decisions for …
Written by Liliana Hall Liliana Hall Associate Writer Liliana Hall is a writer for CNET Money covering banking, credit cards and mortgages. Previously, she wrote about personal credit for Bankrate and CreditCards.com. She is passionate about providing accessible content to enhance financial literacy. …
Written by Katherine Watt Katherine Watt Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in …
Edited by Liliana Hall Liliana Hall Associate Writer Liliana Hall is a writer for CNET Money covering banking, credit cards and mortgages. Previously, she wrote about personal credit for Bankrate and CreditCards.com. She is passionate about providing accessible content to enhance financial literacy. …
An interest rate cut is on the way, but experts are split on how big of a reduction we could see today. After nearly a year of speculation, the Federal Open Market Committee is expected to cut rates at its meeting today. The size of the cut, however, is still up in the air. Most experts I talked to …
