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prima:When will consumers see the effect of the Fed’s interest rate cuts?

According to several interviewees, although several institutions have launched offers, the longed-for relief from borrowing would not be seen until the end of the year or in 2025

November 10, 2024 - 2:00 PM

The Federal Open Market Committee of the Federal Reserve cut by a quarter percentage point to a range of 4.5% to 4.75%, as anticipated. (Shutterstock)

The last two cuts implemented by the Federal Reserve (Fed) in the reference rate may not have an immediate effect on most financial instruments used by consumers, according to experts consulted by El Nuevo Día.

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