The Federal Reserve lowered the interest rate for the first time since 2020. Jeanna Smialek, a reporter covering the Federal Reserve and the U.S. economy for The New York Times, explains what the half-percentage-point cut could mean for the economy, politics and you.
Read the story here: https://nyti.ms/3XyyWdW
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this fed did cut for the current admin cause they are in trouble and loosing to Trump.
It means nothing the banks have no money to loan out. Your credit score means nothing either.
Dayum 🤩
The FEDS lied to us, and they said mortgage rates dropped, but they continued to go up.
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