The Fed just cut rates, now is the time to take action.

[View in Browser]( [Bankrate]( [FED WEEK July 2019]( Today, the Fed decreased interest rates 0.25 percent The first rate cut in more than a decade. This rate cut brought the Fed’s benchmark interest rate to a target range of 2 percent and 2.25 percent. This move was expected, and it happened because officials are worried about trade wars, low inflation and a slowdown in global economic growth. Though it’s smaller than the rate cuts enacted during the financial crisis, you can still expect to see an impact. Banks may choose to lower the yields on their [savings accounts]( or [CDs]( but borrowing costs will get cheaper — whether it’s on auto loans, or on variable-rate [home equity loans]( and [home equity lines of credit (HELOCs)](. Check out Bankrate’s articles on how to navigate the decrease. [The Federal Reserve cuts interest rates]( After sitting on its hands for much of 2019, the Fed lowered borrowing costs in July for the first time in more than a decade. [Read Full Story Â]( [What the Fed’s latest interest rate cut means for mortgages]( Fed rate cuts ripple through [mortgage]( markets. Here's what to expect. [Read Full Story Â]( [4 ways savers should handle falling interest rates]( Here’s how to respond to a Fed rate cut if you’re in the market for a [CD]( or [savings account](. [Read Full Story Â]( [Here’s what a Fed rate cut would mean for your credit card debt]( Even though interest rates have fallen, now is still the right time to tackle your debt. [Read Full Story Â]( [How Have Rates Changed? | FIND OUT AT BANKRATE]( [Bankrate]( Master life’s financial journey. [MORTGAGES]( [BANKING]( [CREDIT CARDS]( [LOANS]( [INVESTING]( [HOME EQUITY]( [CREDIT REPORT](  [fb](  [insta](  [linked](  [twitter](  © 2019 Bankrate LLC. All Rights Reserved. Bankrate LLC • 3801 PGA Boulevard • Suite 555 • Palm Beach Gardens, FL 33410 You received this update at {EMAIL} because you have a Bankrate account. You may unsubscribe from this email [here](. or manage your subscriptions [here](. View our [privacy policy](. Â