The Fed is set to lower interest rates a quarter point Thursday. But it's more likely to slow, rather than speed up, 2025 cuts due to inflation

The Fed is expected to cut rates for a second straight month but by a smaller amount. How and when consumers may feel the effects isn't as clear.

Though some savings accounts have lowered rates after yesterday's Fed move, the nation's best high-yield option is holding at 5.50%—with eight more paying at least 5.00%.