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Waiting for Lower Interest Rates? We Have Bad News

Summary by Money

Hoping for cheaper credit card and mortgage rates this year? Bad news: The Federal Reserve effectively ruled out cutting rates until when — or if — President Donald Trump and Congress come up with a policy roadmap that won’t drive inflation higher. Unfortunately, trade policy largely centered around levying tariffs on potentially everything from steel to smartphones would have the opposite effect, economists warn. Minutes from the Federal Reserv…

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Waiting for Lower Interest Rates? We Have Bad News

Hoping for cheaper credit card and mortgage rates this year? Bad news: The Federal Reserve effectively ruled out cutting rates until when — or if — President Donald Trump and Congress come up with a policy roadmap that won’t drive inflation higher. Unfortunately, trade policy largely centered around levying tariffs on potentially everything from steel to smartphones would have the opposite effect, economists warn. Minutes from the Federal Reserv…

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Money broke the news in 1 day ago on Friday, February 21, 2025.

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