Big US banks lower prime lending rates after Fed rate cut

Core Viewpoint - Major U.S. lenders have lowered a key interest rate, providing relief to U.S. consumers on borrowing costs following the Federal Reserve's first interest rate cut of the year [1] Group 1 - The Federal Reserve cut interest rates for the first time this year, influencing major U.S. lenders to adjust their rates [1] - This adjustment in interest rates is expected to ease borrowing costs for consumers, potentially stimulating spending and investment [1]