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Smart moves to make when the Fed starts cutting rates.

personal finance :: 4hrs ago :: source - cnn business

By Jeanne Sahadi

When the Federal Reserve starts cutting its overnight lending rate, it will affect the interest rates on your debts and your savings. But in some cases, those effects — positive or negative — may not be as large as you think. sanjeri/E+/Getty Images

New York — Over the past couple of years, the Federal Reserve aggressively raised its key interest rate to a 23-year high to beat down inflation. Now that inflation has slowed substantially and is expected to cool further, the central bank is expected to embark on a rate-cutting campaign over the next two years, starting as early as September.

Story continues on Cnn Business


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