The Federal Reserve has initiated its rate-cutting cycle with an aggressive 50 basis point reduction in September. This new easing in monetary policy raises important questions about its implications for consumers, particularly those carrying credit card debt and accruing interest.

Yahoo Finance Senior Writer Kendall Little dives into the details, discussing strategies for avoiding credit card interest and the potential impact of Fed rate cuts on existing balances.

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Read more: How to avoid interest on a credit card

This post was written by Angel Smith