Here's How Much Money You'll Lose When the Fed Cuts Interest Rates by 0.25%
The Motley Fool
SEPTEMBER 17, 2024
Image source: The Motley Fool/Upsplash As of this writing, the Fed is expected to cut the federal funds rate by 25 basis points (0.25%) at its next meeting on Sept. 18, 2024. The Fed rate cut is good news for borrowers and businesses, but it can be bad news for anyone who has a savings account. Let's look at who stands to lose money from a Fed interest rate cut -- and how much lower interest rates can hurt your savings.
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