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
The biggest effect it may have, unless you are buying a home, is how it should help the overall stock market, which is largely governed by sentiment. If you have money in IRA’s, Mutual Funds, etc. you should get positive results from it.
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