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Lower inflation than expected in May could encourage officials at the Federal Reserve to lower interest rates sooner than ...
Interest rates are a measure of the cost of a loan to a borrower. Typically expressed as a percentage, an interest rate is applied to the outstanding balance of a loan at regular intervals.
If you've been looking at interest-bearing accounts like high-yield savings accounts or certificates of deposit (CDs), you may see the terms "interest rate" and "annual percentage yield" (APY ...