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As inflation is improving, the Federal Reserve is taking action.
This was the first rate cut since 2020.
According to Orman, that will depend on whats going on in the economy.
Its likely to merely fall from crazy high to just a little less crazy, Orman said.
Ultimately, you shouldnt feel comfortable holding on to your credit card debt for more time.
But its important you dont fall into that trap.
If it is a need, then a lower interest rate helps, Orman said.
But just dont use lower interest rates as an excuse or rationale for borrowing for a want.
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