Fed rate cut: How it might affect your bank accounts, loans, credit cards, and investments

It's almost here. The Federal Reserve is poised to deliver a long-awaited rate cut Wednesday. Wall Street expects a quarter-point rate cut this week — and at each of the Fed's next three meetings before the end of the year. Here's how the long-running interest rate pause has impacted deposits, credit, and debt so far. And what a rate cut could do for — or to — your money. How a rate cut affects checking and savings accounts 2025 has been a year of modest earnings on deposit accounts. A rate cut won't h ...