The Fed Didn't Touch Interest Rates, but Your Credit Card APR Could Still Go Up. Here's Why

Andriy Onufriyenko/Getty Images The Federal Reserve held interest rates steady for its third consecutive meeting on Wednesday, so don't expect lower interest rates on your credit cards anytime soon. But amid the looming impact of tariffs and an uncertain economy, your card's APR could go up. The Fed left interest rates at a target range of 4.25% to 4.5% in response to a growing uncertainty in its economic outlook. Both inflation and unemployment are at a higher risk of increasing, depending on how tariffs play out, Fed Chair Jerome Powell said at a postmeeting press conference. "There's so much uncertainty about the scale, scope, timing and persistence of the tariffs," he said. "The current stance of monetary policy leaves us well positioned to respond in a timely way to potential economic developments." Although the federal funds rate only directly dictates lending between banks, the central bank's monetary adjustments are passed on to consumers, affecting financing rates on loans ... Read full article.