💰 What to Know About the Fed Rate Cut (AARP Article)

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💰 What to Know About the Fed Rate Cut (AARP Article)

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What the Fed’s Rate Cut Means for You.

The Federal Reserve just reduced interest rates for the first time in four years. Here’s how it will impact borrowers and savers.

By Beth Braverman, AARP. Published September 18, 2024.

What goes up must come down, and after four years, that’s finally true about interest rates.

The Federal Reserve cut its benchmark rate on Sept. 18 a half point, dropping its target range to between 4.75 and 5.0 percent, signaling that it is now less concerned about inflation than it is about indications that the overall economy and job market are starting to cool.

https://www.aarp.org/money/budgeting-saving/info-2024/fed-rate-cuts-meaning.html

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