Okay so the fed just cut interests rates by half a point. Can someone explain how this might affect my day to day life? How might it be different if it were, for example, 0.75? Or 2.0?
In: Economics
This rate cut is a signal that inflation is more in control than in the past but leaves room for adjustment in case it isn’t. These rate changes are largely reactive to the most recent data available so a cut of 2% would mean we’re nearing a recession or in the midst of a heavy slowdown. Essentially your life would already be changing if the Fed made a really big change.
Latest Answers