Fed's first rate cut of the year could save credit card users $1.92 billion in interest annually while possibly reducing returns on savings accounts and certificates of deposit.

Jerome Powell delivered a 25bps rate cut, but Wall Street’s muted reaction reflects concern it was a risk move on jobs, not confidence.

Economy reporter Allie Kelly breaks down what we know about the Federal Reserve cutting interest rates, and what it could mean for mortgage rates, car and credit card loans.

The dot plot: The first thing to keep an eye on is the Fed's updated dot plot, which is a chart compiling Fed officials' year-end projections for interest rates. The last dot plot, which was published in June, had a median projection of two rate cuts in 2025.