As inflation has slowed substantially and is expected to cool further, the Federal Reserve is expected to embark on a rate-cutting campaign over the next two years, starting as early as September. If it does, rates should decline on a wide swath of financial products for Americans, from credit cards and home loans to bank accounts and certificates of deposit, among others. Given how many ways lower rates can affect your finances, here are some things to consider when deciding what steps to take.
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CNN Worldwide is a portfolio of more than two dozen news and information services across cable, satellite, radio, wireless devices and the Internet in more than 200 countries worldwide. Domestically, CNN reaches more individuals on television, the web and mobile devices than any other TV news organization in the United States. Internationally, CNN is the most widely distributed news channel reaching more than 260 million households abroad; and, the CNN Digital Network is consistently the No.1 current events and news destination on the web. CNN International is the most watched global 24-hour news network. CNN International can be seen in more than 260 million television households in more than 200 countries and territories through a network of 38 satellites. Since September 1997, CNN International has been regionalized into five separate regions: CNN International Europe / Middle East / Africa, CNN International Asia Pacific, CNN International South Asia, CNN International Latin America and CNN International North America. Additionally, CNN Newsource is the world's most extensively utilized news service partnering with hundreds of local and international news organizations around the world. CNN is division of Turner Broadcasting System, Inc., a Time Warner Company.
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Updates
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For 40 years, fans of Prince have been "laughing" and "bathing" in his movie "Purple Rain." https://cnn.it/3SpDNwo
Prince's ‘Purple Rain' turns 40, and one thing still rings true: Its authenticity | CNN
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"It's a way of feeling alive, even when everything around you is falling apart." The streets of Ukraine are scarred by war, but that isn't stopping many young skateboarders from doing what they love to do. For them, skating is a much-needed escape. French photojournalist Robin Tutenges visited Ukraine in May 2022, a few months after the Russian invasion. While other photographers focused on the war effort, he wanted to document the country's youth and how they were coping. See more of Tutenges' photos: https://cnn.it/4dmIZcz
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A routine part of the job for Southwest Airlines flight attendants is turning into a dangerous mess as a searing summer heat and the airline's beverage management practices have made soda cans volatile mid-flight.
Like ‘little bombs,' soda cans are exploding on Southwest flights. Here's why | CNN
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An art historian was idly scrolling social media when he spotted something in the background of a photo that stopped him in his tracks.
Missing Henry VIII portrait spotted on X by eagle-eyed historian | CNN
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Apple and the union representing retail workers at its store in Towson, Maryland, agreed to a tentative labor deal in the first US labor agreement not only for an Apple store, but for any US workers of the tech giant.
Apple agrees to first US labor deal | CNN Business
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While Danish astronomer Tycho Brahe is best known for his celestial discoveries made in the 16th century — before the invention of the telescope — he was also an alchemist who brewed secret medicines for elite clients. Now a surprising element found in traces of Brahe's alchemy lab is confounding scientists.
Hidden element traced in remains of Renaissance astronomer Tycho Brahe's secret alchemy lab | CNN
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The USA is the preeminent force in men’s Olympic basketball. It has won the gold medal on 14 occasions and frequently assembles some of the sport’s biggest stars on the international stage. So when a new upstart on the block pushed LeBron James and co. all the way to the final buzzer in an Olympic warmup game, the basketball world took notice.
The world's youngest country is making waves in international basketball, and ready to take on Team USA at the Olympics
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Allowing TikTok to continue to be operated by its current parent company could allow the Chinese government to covertly influence US elections, the Justice Department said in a court filing. In a federal appeals court filing, prosecutors raised concerns that TikTok’s algorithm could be used in a “secret manipulation” campaign to “influence the views of Americans for its own purposes.” “Among other things, it would allow a foreign government to illicitly interfere with our political system and political discourse, including our elections,” prosecutors wrote. The filing added, “if, for example, the Chinese government were to determine that the outcome of a particular American election as sufficiently important to Chinese interests.” “Allowing the Chinese government to remain poised to use TikTok to maximum effectiveness at a moment of extreme importance presents an unacceptable threat to national security,” prosecutors wrote. The filing is in response to a federal lawsuit TikTok brought against the US government in May in an attempt to block a law that could force a nationwide ban of the app. That law, which President Joe Biden signed in April, says that TikTok must find a new owner by mid-January 2025 or it will be banned from the United States entirely.
Justice Department responds to TikTok lawsuit, argues algorithm could allow Chinese government to influence US elections
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Timelapse video captured by a group studying natural disasters shows a "fire tornado" forming as the Park Fire spreads in Butte County, California. Read the latest on the wildfire: https://cnn.it/4cWNTgh