The Fed is cutting rates. Interest on credit cards is still stubbornly high

The Federal Reserve Began Cutting Interest Rates in September 2024, but Credit Card Rates Remain Steady

The Federal Reserve started cutting interest rates in September of 2024, but the average credit card interest rate has shown little movement. As interest rates continue to fluctuate, many consumers are wondering when credit card rates will finally start to decline and what they can do to manage their debt in the meantime.