Several Fed rate cuts are on the way in the coming months. Here's how that will affect new and existing CD rates.

The Federal Reserve's rate-cutting cycle, begun earlier this month, is expected to alleviate some of the pressure on commercial real estate borrowers and their lenders. Will it be enough to avert a crisis?

“So when the Fed cuts its rate, as we just saw, it’s the Fed saying they feel confident that the push of inflation that was constantly making prices higher and higher and higher has slowed down a little bit and they feel comfortable lowering rates to help ease the economy,” McEntaffer said.

The Federal Reserve's September meeting brought about a 50-basis-point cut to the federal funds rate, the first time the rate has been lowered since 2020. This provides immediate relief to customers looking to take out a mortgage to buy a home and businesses interested in securing a loan to fund their operations,

Wall Street is currently riding on high expectations that the Fed will implement further cuts in the benchmark lending rate this year. In its September FOMC meeting, the central bank aggressively cut the interest rate by 50 basis-points.