The Federal Reserve finally lowered interest rates in September, cutting its benchmark lending rate by a quarter of a point to a new range of 4% to 4.25%. It was the first rate cut in 2025. Many economists expect the Fed to make further cuts by the end of the year, although it’s still uncertain how many more cuts will be announced and by how much. Read More: 8 Smart Ways Frugal People Are Living Like There’s Already a Recession Trending Now: How Middle-Class Earners Are Quietly Becoming Millionaires — and ...