The Federal Reserve Cuts Interest Rates by 0.25%: Here's What It Means For You

"High yield accounts will go down by 0.25% pretty quickly within this week or next week."

"High yield accounts will go down by 0.25% pretty quickly within this week or next week. So, if you're earning 4% APY at a high yield account, you can expect that next week to be 3.75."

"For car loans and personal loans, usually you will see those loan rates decreasing in the coming months."

"Up credit card rates will be lowered quite quickly as well. So, you can expect if you have a credit card balance that the APRs aren't going to be as high as they were before. They're still high, but they're maybe 0.25% less."

"And also, more rate cuts coming this year since there are going to be anticipated two more this year..."

"...means that there's really no reason to be long-term bearish or negative on the stock market as a whole."