• What Lower Interest Rates Mean For The Economy

  • Dec 17 2024
  • Length: 31 mins
  • Podcast

What Lower Interest Rates Mean For The Economy

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  • Summary

  • The Federal Reserve has begun cutting interest rates after two years of rate hikes to the highest levels in decades.

    It meets again this week to decide whether to cut them again, or keep them as is.

    High interest rates made the cost of borrowing high, meaning that car loans, credit card debt, and mortgages cost exponentially more than before the pandemic.

    We discuss how the Fed's decision to lower rates affects the economy.

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