GRAPHIC-The Fed will soon cut U.S. interest rates. What will it mean for your wallet?
Federal Reserve to cut interest rates may do little at this
point to cut some of the costs that matter to many U.S.
From mortgages to credit cards, banks and other lenders may
resist offering substantially lower rates to consumers, analysts
said, even if the central bank makes a widely expected cut to
its policy rate, currently targeted between 2.25% and 2.50%.
For one thing
Posted by Reuters