The Federal Reserve is announcing a 50 basis point (bps) cut to its effective funds rate, which will lower interest rates in the United States. At the moment, internet rates sit between 5.25 and 5.50 percent. Rates were last cut in March 2020 before rapidly increasing as rampant price inflation took hold under the Biden-Harris … Continue reading BREAKING: Federal Reserve Announces First Interest Rate Cut Since 2020 Despite Lingering Inflation Concerns.