Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

Some of the rate stability can be attributed to the Federal Reserve. The central bank has left short-term interest rates untouched this year, including at its June 17-18 meeting. In a statement, the Fed said it would keep an eye on inflation and employment to decide what to do next — and when.

The fundamentals of the U.S. economy are moving to where an interest rate cut may be necessary, San Francisco Federal Reserve Bank President Mary Daly said on Friday, though she signaled a July rate cut would probably be too early.