The Federal Reserve on Wednesday cut its benchmark interest rate by 25 basis points in its first cut of the year, marking a move that could ease monthly payments on mortgages, credit cards and other loans. The Fed’s benchmark rate helps set the prime rate, which banks use to determine how much to charge on many loans. That means Americans with credit card debt or adjustable-rate mortgages (ARMs) could experience some relief, while savers may feel the pinch as banks reduce interest payouts, according to Inve ...