Subscribe to TheStreet's free daily newsletter💰💵 That’s because a Federal Reserve Board official flipped the script on interest rate cuts today. Related: Fed's Powell sent a blunt message on interest rates this week The unexpected move comes less than 48 hours after the Fed issued a “wait-and-see” hold to keep interest rates steady in June for the sixth month in a row.

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

The Federal Reserve once again held interest rates steady at Wednesday's meeting, but that doesn't mean your card's interest rate can't change. There are other things -- like economic uncertainty and the potential impact of tariffs -- that could impact your credit card's APR.