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

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%.

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.