As expected, the Federal Reserve cut interest rates a quarter-percent today. That may not sound like much, but it can have a big impact on your finances. The Fed’s actions affect everything from how much you owe on your debt to how much you earn on the money in your savings account.

The Federal Reserve cut its key overnight lending rate again on Thursday ... But that doesn’t mean as a result interest rates are now low — or will soon be low. “‘Falling interest rates’ are not the same as ‘low interest rates.’

As the Fed cuts rates again, here’s who loses, who wins and how to protect your money — and take advantage of the lower rate environment.