What interest-rate cuts in 2024 could mean for you | iCloud.Info

Thu, 12/14/2023 - 06:06

Fed Chair Jerome Powell — US Federal Reserve Board Chairman Jerome Powell speaks at a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC.
Win McNamee/Getty Images

The Federal Reserve continued its pause on interest rate hikes on Wednesday.
It also projected three interest rate cuts in 2024.
That could mean cheaper costs to borrow money — from credit cards to mortgages to business loans.

The nation's central bank projected some financial relief for Americans in 2024.

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economy, Markets, economy, politics, Policy, federal-reserve, interest-rates, rate-cuts, Fed, jerome-powell, Mortgages

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What interest-rate cuts in 2024 could mean for you