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What are consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses?
The Fed's decision to cut its benchmark rate by a half-point will make it cheaper for consumers and businesses to borrow money.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Federal Reserve announced the first interest rate cut in four years at its September policy meeting amid progress in slowing down the pace of inflation toward its 2% goal.
The Federal Reserve was widely expected to announce at least a quarter-point cut on Wednesday, signaling lower borrowing costs for American households and businesses.
Early Recovery: Public markets recovered aggressively from their lower troughs while private equity’s recovery was more muted ...
The Fed reduced its key interest rate by a relatively large half percentage point. Futures markets expected a big cut amid a ...
The article Fed Cuts Rates by Half a Point; Mortgage Rates May Fall Below 6% originally appeared on NerdWallet. We identified ...