"Federal Reserve's Impact on Mortgage Rates and Credit Cards Amid 23-Year High Interest Rates"

The Federal Reserve is expected to maintain its key interest rate, which currently stands at the highest level in over two decades, but households are eager for clues about potential rate cuts. While higher rates benefit savers, borrowers could see reduced bills on credit cards and other debts if rates fall. The central bank's decisions also impact home loans, credit card rates, and savings, with some banks already anticipating possible cuts by reducing rates paid to consumers.