Trump announces North Dakota Gov. Doug Burgum as Department of the Interior secretary
An interest rate cut is coming. Here’s what to do with your money beforehand.
1. **Pay Off High-Interest Debt**: With anticipation of an interest rate cut, it’s the perfect time to pay off any costly debt you may have like credit card debt. Lower interest rates mean it’s cheaper to borrow money, but if you’re already drowning in debt, focus on paying that off first.
2. **Increase Your Savings or Emergency Fund**: If you have spare money, an incoming interest rate cut is a great time to squirrel some away in your savings or increase your emergency