Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, aut...

Dec 18, 2024 - 12:00
Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, aut...

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