The Fed's interest rate cut will have a gradual impact on mortgages and credit card rate relief could be slow.

Jerome Powell has concluded his news conference following the announcement that the Federal Reserve will cut the country's key lending rate by a quarter point. This is the third reduction this year brings the key interest rate to 3.50% to 3.75%. Powell affirms the Fed's commitment to keeping inflation low and near the Fed's target.

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

New Fed rate cuts have lowered home equity borrowing costs. Here's how much a $100,000 home equity loan costs now.

After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at the Federal Reserve.

The Fed cut rates again, but uncertainty over incoming leadership and delayed economic data is complicating the outlook for future monetary policy.

HELOC rates could fall in 2026 if the Fed rate-cutting trend continues, but there are other possibilities, too.