Bank of America has predicted the will finally ease interest rates starting in the middle of next year, and benchmark borrowing costs will end 2024 below 5 percent.In a bid to curb inflation, the Fed began an aggressive hiking campaign in March 2022 - taking interest rates to the current 22-year high of between 5.25 and 5.5 percent. If benchmark interest rates are indeed to come down, that would trigger a reduction in credit card and mortgage rates among other borrowing costs, experts say.
Load More
Load More