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Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve was expected to stick to its wait-and-see approach.
If the Fed were to cut the interest rate, it could lower other borrowing costs, such as for mortgages, auto loans and credit cards, helping boost the economy – though lower interest rates risk ...
Credit cards: Even if the Fed were to make dramatic rate cuts, the interest you pay to borrow money on a credit card likely will remain sky-high. In fact, the average credit card rate actually ...
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