What consumers should know about the Federal Reserve lowering rates
ฝัง
- เผยแพร่เมื่อ 18 ก.ย. 2024
- The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.
On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years. The central bank is acting because, after imposing 11 rate hikes dating back to March 2022, it feels confident that inflation is finally mild enough that it can begin to ease the cost of borrowing. At the same time, the Fed has grown more concerned about the health of the job market. Lower rates would help support the pace of hiring and keep unemployment down.
Subscribe to WRAL:
/ wral5
Download the WRAL App: www.wral.com/d...
News Tips:
Online - www.wral.com/r...
Email - assignmentdesk@wral.com
Follow WRAL:
Facebook: / wraltv
X: / wral
IG: / wral
About WRAL-TV:
WRAL is your Raleigh, North Carolina news source. Check out our videos for the latest news in Raleigh, local sports, Raleigh weather, and more at WRAL.com
#localnews #northcarolina
It’s common sense. In order to cut Fed must increase money supply. That spikes inflation. Bond holders then require higher yield on long term bonds which will cause long term rates to go up, while the fed is dropping short term rates. The fed obviously knows economics and knows this. But, their purpose is to save a dying economy at the expense of higher long term rates, until the collapse happens - in other words the rate cuts are designed to “kick the can down the road” at the expense of a worse collapse. The final conclusion can only be that this is a controlled collapse, engineered as the great economic reset with the participants being the fed, well for me tho Bitcoin is the ultimate defence against a tyrannical government.r.....I've been engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
SHE IS ON TELE GRAM.
@LINDAWILBURN.
What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly.
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
The children of the community are the children of the community
95 % of people know exactly fed cut rates of 0.5% but have no idea what this interest rate is.
The money manipulators
What is the current interest rate?
As a mother, and independent women, I WILL NOT be voting for kamla. She is ruining our familys happiness.
Half a percent 🤣🤣🤣🤣.
You don't know much about economics do you?
@joannjohnson8283, it takes time to recover after Republicans in power. And specially one as reckless as tRump's/Maga mess.