What Moody’s downgrade of U.S. credit rating means for your money

The article discusses how Moody's downgrade of the U.S. credit rating could significantly increase borrowing costs for consumers. The downgrade led to higher bond yields, affecting various consumer loans such as mortgages, auto loans, and credit cards. Experts predict that interest rates may remain elevated throughout the year due to economic uncertainty from President Trump's tariff policies and potential Federal Reserve actions.