Summary of What would a Federal Reserve interest rate cut mean for you?
Summary of What would a Federal Reserve interest rate cut mean for you?
The article discusses the expected interest rate cut by the Federal Reserve and its potential impact on the economy. The rate cut is seen as a sign of the end of the central bank's fight against inflation, and it is expected to have a slow trickle-down effect on the economy.
quoting nevent1q…m9maWhat would a Federal Reserve interest rate cut mean for you?
It will take time for consumers to feel the effects of the inflation-fighting move to be announced today at 2pm ETThe Federal Reserve is expected to announce an interest rate cut for the first time in four years at 2pm on Wednesday. It’s that moment that many economists see as the end of an era and the beginning of the end of the central bank’s fight against inflation.The Fed’s prime rate – used to set the rates on everything from mortgages to car loans – has sat at a 20-year high for the last year, making it more expensive to borrow money. Continue reading...
https://www.theguardian.com/business/2024/sep/18/fed-rate-cut-inflation
The article discusses the expected interest rate cut by the Federal Reserve and its potential impact on the economy. The rate cut is seen as a sign of the end of the central bank's fight against inflation, and it is expected to have a slow trickle-down effect on the economy.