In this article, we discuss what lowering interest rates can mean for the consumer.
The Federal Reserve recently announced a rate cut. What does that mean for you and me?
The Federal Reserve Open Committee (FOMC) recently announced a rate cut. Before you dismiss this as news only relevant to the finance- or bank-types, let’s take another look.
Interest rates set by the FOMC impact the rates banks charge customers. If you have a savings account, student loan, credit card debt, or a home mortgage, changing interest rates can affect you.
This article from CNBC provides some details on how interest rate cuts can impact consumers. Note, link opens in new tab.
The information and illustrations presented above are hypothetical and do not represent the return on any particular investment nor specific financial advice. All investing is subject to risk, including the possible loss of the money you invest.
