BBC on Nostr: What will a US Federal Reserve interest rate cut mean for me? ========== The US ...
What will a US Federal Reserve interest rate cut mean for me?
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The US Federal Reserve is expected to lower interest rates for the first time in four years on Wednesday; the current key lending rate is around 5.3%, the highest since 2001; a cut will affect mortgages, credit card, and saving rates for millions; mortgage rates have already dropped slightly in anticipation; central banks tied to the dollar, like Hong Kong, will also be impacted; lower rates typically boost stock prices as companies can borrow cheaper; the Fed's decision is influenced by inflation and employment, with inflation at 2.5% in August; analysts predict a cut of either 0.25 or 0.5 percentage points; Fed chair Jerome Powell emphasizes decisions are based on economic data, not politics.
#FederalReserve #InterestRates #Mortgages #Inflation #Economy #StockMarket #JeromePowell #UsEconomy #BorrowingCosts #FinancialImpact
https://www.bbc.com/news/articles/cvgl474nrygo
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The US Federal Reserve is expected to lower interest rates for the first time in four years on Wednesday; the current key lending rate is around 5.3%, the highest since 2001; a cut will affect mortgages, credit card, and saving rates for millions; mortgage rates have already dropped slightly in anticipation; central banks tied to the dollar, like Hong Kong, will also be impacted; lower rates typically boost stock prices as companies can borrow cheaper; the Fed's decision is influenced by inflation and employment, with inflation at 2.5% in August; analysts predict a cut of either 0.25 or 0.5 percentage points; Fed chair Jerome Powell emphasizes decisions are based on economic data, not politics.
#FederalReserve #InterestRates #Mortgages #Inflation #Economy #StockMarket #JeromePowell #UsEconomy #BorrowingCosts #FinancialImpact
https://www.bbc.com/news/articles/cvgl474nrygo