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How Fed rate cuts impact your bank accounts, loans, credit cards, and investments
Yahoo Financeยท 2025-09-21 16:39
The Federal Reserve just delivered a long-awaited quarter point rate cut this week. But what does that actually mean for your money. It can affect everything from your bank accounts to loans to credit cards and even your investments.I'm joined now by Yahoo Finance personal finance editor Casey Bond to break it all down. So Casey, let's start with the basics here. How does a Fed rate cut affect checking and savings accounts.>> Sure. Well, checking and savings account rates are set by individual financial ins ...