Aww yeah baby
Fed goes with half-point interest rate cut.
obviously good and bad news
Good
adjustable-rate loans are going down
new loans will be at a better rate in lots of sectors
other big businesses/Econ grad stuff
Bad
Savings/CD rates will go down
over 4% was pretty darn nice, haven't seen that...ever (correct me if I'm wrong ...87 is when I entered the finance market at a Credit Union)
yes I've heard about wild years of rates in the early 80s, I guess that was a lesson in 'that method doesn't work'
I get it, 4% is a somewhat poor return to the stock market, but there are millions of Americans who don't even get close to that market
and as a small investor, lots get eaten up by fees and other things that have a big impact on your actual return. Actual return in 401k where the employer does no matching, is not much better than that.
its been nice to see sizable any returns in the interest column
