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
Within the next 3-6 months the effect will be absorbed throughout the economy. Some things, like loans to the best companies, will change soon, and then home mortgage rates, and eventually costs for other things.
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