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NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled. That means Americans are dealing with both high ...
If you were hoping the Federal Reserve's recent rate cut, its first of 2025, was going to make your credit card debt easier to pay off, the reality is that there are many other, more important, factors at play. Credit card rates are influenced by things ...
NEW YORK (AP) — Americans would save roughly $100 billion a year in interest costs if President Donald Trump’s campaign proposal to cap credit card interest rates at 10% were implemented, according to a paper published by Vanderbilt University on Thursday.
Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how it impacts your finances.