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The Fed just cut interest rates—how much cheaper credit cards, auto loans and mortgages could get

The Fed has kept borrowing costs elevated for more than two years to help slow inflation, since higher rates make it more expensive for households and businesses to spend and borrow. On July 30, Fed ... read more

Federal Reserve cuts interest rates: What’s next for credit cards, auto loans, mortgages

Interest rates for credit cards and some other loans will head down, now that the Fed has cut short-term interest rates for the first time in 2025. read more

Personal Loan vs. Credit Card Rates: Why Borrowing $5K Could Cost You Way More

The spread between personal loan and credit card rates has become historically wide. Credit card marketing costs and consumer habits may be the cause. You can use this information to your advantage, ... read more

Is credit card debt forgiveness still worth it with interest rates paused?

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ... read more

Why your credit-card company might jack up your card’s APR even when the Fed holds interest rates steady

It’s getting more expensive to hold credit-card debt, even though the benchmark U.S. interest rate hasn’t budged in months. The Federal Reserve last week kept its short-term interest rate in the same ... read more

4 ways the Fed's decision to hold interest rates steady will impact your wallet

The Federal Reserve held rates steady once again, affecting Americans' loans and credit costs. The decision is based on economic indicators like inflation, unemployment, and GDP growth. Stable rates ... read more