The Fed Just Cut Interest Rates Again. Make These 3 Moves ASAP [Yahoo! Finance]
TransUnion (TRU)
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Source: Yahoo! Finance
The Fed was expected to cut its benchmark interest rate for the first time in years. And sure enough, it made the decision to implement a rather aggressive half-point rate cut. Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo! Learn more here. In light of September's move coupled with economic factors like slowing inflation and a lackluster jobs report, the Fed was expected to make another rate cut at its Nov. 6-7 meeting. The question was, how large a cut would it make? Today, we got an answer. The Fed just announced it's lowering its benchmark interest rate by a quarter of a percentage point. And in light of that, here are a few important personal finance moves you should consider making. CD rates aren't going to tumble overnight following the Fed's quarter-point rate cut. But they are likely to fall further. As it is, 5% CDs became difficult to snag after the Fed's September meeting. Soon enough, you may find it hard to find a
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