Interest rates are changing today… What that could mean for you.

Interest rates are changing today… What that could mean for you.

What’s Changing Today

  • The U.S. Federal Reserve is expected to cut its key interest rate by 0.25 percentage points (25 basis points) to about 4.00‑4.25% in their decision today.

  • This would mark the first rate cut since December, reflecting growing concern over weakening job growth and rising unemployment.

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How Car Loans are Shaping your Credit and the Economy

How Car Loans are Shaping your Credit and the Economy

For shoppers with poor credit (scores below 600), the dream of driving off the lot is becoming more distant—and far more expensive.

According to Experian, subprime and deep-subprime borrowers now face interest rates as high as 15–21% on used vehicles. Even with lower-priced cars, that can mean monthly payments over $600, with more than half of that going to interest alone.

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