Articles like this can be helpful when the Federal Reserve Bank makes a loudly publicized reduction in interest rates for the first time in ten years. This article goes into the topic well and in depth. For most consumers, you only need to know two things: your rates on borrowing, from credit cards to mortgages, will probably go down and the rates financial institutions pay on your deposits is likely to drop. That’s it. But here’s the link if you want to read more.