While the Federal Reserve held interest rates steady at last week's meeting, APYs have been quietly falling for weeks now and this trend is likely to continue as banks anticipate a Fed rate cut later this year.

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don't think we need to be in a hurry. We think we can