Turn the Fed’s Rate Cut Into 5 Wins for Your Wallet

Promoting Disclosure: While you purchase one thing by clicking hyperlinks on our web site, we could earn a small fee, however it by no means impacts the services or products we suggest. The Federal Reserve not too long ago introduced a shock: a 50-foundation-level lower to its benchmark price. That is the primary discount because the COVID-19 pandemic started, bringing the federal funds price to a spread of 4.75% to five%.

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