The Federal Reserve announced Wednesday it will leave interest rates unchanged, setting the stage for rate cuts to ... of the central bank's rate hike cycle, the average credit card rate rose ...

outside the current rate cycle. “The Federal Reserve raised interest rates at the fastest pace in 40 years during 2022 and 2023 in an effort to rein in inflation, with savers seeing the best ...

The 25 basis point cut in the repo rate is seen as the start of a rate cut cycle. Typically, banks cut interest rates on floating loans, such as home loans, that are linked to the repo rates.