The half percentage point decrease – which sat at the top end of economists’ expectations and is the first cut since 2020 – should provide some quick relief to consumers with credit card balances. …
Damning new texts revealed in sex-crimes case against Sean 'Diddy' Combs -- as judge rules to keep music mogul locked up pending trial
It typically takes between 30 to 90 days for consumers to feel the full impact of interest rate cuts, Ted Jenkin, oXYGen Financial co-founder and business consultant, told The Post. Fed slashes interest rates by half a percentage point in bid to curb inflation without causing recession Americans will also likely see car loan rates come down, Cody Moore, the head of growth strategies at Wealth E&P, told The Post.
It may feel like it takes longer for savers to feel the effects of the cuts, since they will seemingly favor borrowers, analysts said.But it does have a major indirect influence, and the two “tend to move in the same direction,” said LendingTree’s Channel.
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