The Federal Reserve expects to cut rates more slowly in 2025. Here’s what that could mean for you
FILE – The seal of the Federal Reserve Board is seen at the building in Washington, Dec. 8, 2024. (AP Photo/Jose Luis Magana, File) Borrowers hoping for much-lower-rate loans could be disappointed if the Fed follows through on its plan to cut its key short-term rate only twice next year. NEW YORK (AP) — The…