The Federal Reserve cut interest rates by a higher-than-expected half point at its September meeting, marking the first rate cut in over four years. The Fed’s range now sits between 4.75 and 5 percent, which is the lowest we’ve seen since the spring of 2023. Rate cuts can impact everything from stocks and housing to employment and inflation – so what does this decision mean for the economy Continue Reading
Interest Rate Increase: How it Affects You
In case you missed it, the Federal Reserve increased interest rates a quarter point last week, making this its second increase in 2017. This is an indicator of some changes on the horizon, so you may need to adjust your goals and plans accordingly. Here is how the increase could affect you: Student Loans and Interest Rates An increase in interest rates is typically an indicator that the central Continue Reading