The Federal Reserve delivered a half percentage point interest rate cut on Wednesday – its first cut since March 2020.Wednesday’s move is expected to be the first of several rate cuts over the next year or two. But it alone may not immediately have a big impact on your finances.For borrowers, “rates are not going to fall fast enough to bail you out of a bad situation,” said Greg McBride, chief financial analyst at Bankrate.com. “And for savers, these rate cuts won’t erase the benefit you got from rising rates in 2022 and 2023. Savers with competitive high-yielding accounts will still be way ahead of the game.”Here’s how the Fed’s rate-cut move will affect your life, including your credit cards, car loans, home loans, high-yield savings accounts, certificates of deposits and other financial accounts.Your credit cardsIt may take two or three statement cycles before you start to see a lower …