How the Fed's rate decision affects your bank accounts, loans, credit cards, and investments

Following three interest rate cuts in 2025, the Federal Reserve is back in its wait-and-see mode. Current thinking, as measured by federal funds futures trading, puts the next rate cut no sooner than June. Scott Anderson, chief U.S. economist for BMO, believes resilient consumers are driving the economy but will "need to rely on swelling personal income tax refunds to sustain that growth." In a recent analysis, Anderson noted that recent inflation reports met forecasts, and costs of goods have seen "almo ...