The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

The Fed’s future moves are now more uncertain in the aftermath of the election, given that Donald Trump’s economic proposals have been widely flagged as potentially inflationary.

That’s why you will always get the same advice in any rate environment. Pay down your credit cards as quickly as you can. If you qualify, try to find a balance-transfer card that will offer you up to 21 months at 0% interest and pay as much of your ...