What the Fed’s first rate cut of the year means for your wallet Fed's first rate cut of the year could save credit card users $1.92 billion in interest annually while possibly reducing returns on savings accounts and certificates of deposit. Orignial Source: https://www.foxbusiness.com/economy/what-feds-first-rate-cut-year-means-for-wallet Previous article: What is the Fed's outlook for interest rate cuts, inflation and jobs for the remainder of the year? Prev Next article: Families sue Boeing, Honeywell over deadly Air India crash that killed 260 people in June Next