Interest-rate cuts are supposed to lower borrowing costs, but that’s not necessarily happening for credit-card users.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

The Fed has delivered another interest rate cut, but unfortunately for homebuyers, it won't mean imminent relief for mortgage rates. As expected, the Federal Reserve cut its overnight policy rate by 0.