Why did the Fed cut interest rates in September? When can borrowers expect to see meaningful relief in their monthly payments? The Fed’s interest rate cut (September 2024) marked a significant shift in Federal Reserve policy, coming after years of aggressive rate hikes to fight inflation. While this reduction signals progress in the battle against rising prices, many Americans still face financial challenges from lingering inflation effects. Keep reading to learn how interest rate cuts in September 2024 and beyond could affect your financial future, from mortgage payments to car loans.
The Fed’s Interest Rate Cut (September 2024): Is It Helping?
