September 24, 2024

How the recent Fed rate cut affects you

The Federal Reserve met Sept. 18 and cut interest rates for the first time since 2020 – to the tune of 50 basis points (0.5 percentage points). Truth is, a Fed rate cut is good financial news for many but bad news for others.

Curious to learn who will benefit and who won't from a Federal Reserve rate cut? Read my newest US News and World Report article (which has now been seen by more than 20,000 people) by clicking here