Smart moves to make when the Fed starts cutting rates ...Middle East

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By Jeanne Sahadi, CNN New York (CNN) — Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. Now that inflation has slowed substantially and is expected to cool further, the central bank is expected to embark on a rate-cutting campaign over the next two years, starting as early as September. If it does, rates should decline on a wide swath of financial products for Americans, from credit cards and home loans to bank accounts and certificates of deposit, among others. Given how many ways lower rates can affect your finances, here are some things to consider when deciding what steps to take in response. T

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Last updated : 27 July 2024 clock 07:04 PM

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Smart moves to make when the Fed starts cutting rates ...Middle East

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