Business, 08.09.2021 08:40 mauri6381

In March 2020 the Federal Reserve cut the federal funds rate to 0% in response to the economic upheaval caused by the corona virus. Though it's important, it doesn't mean the interest rate on your car loan will be lower tomorrow. Check out this article from the New York Times that explains how common interest rates for consumers will be affected when the FED reduces the interest rate: https://www. nytimes. com/2019/07/31/your-money/fed-inter est-rates. html. Which of these will likely affect you the most? Will you benefit from the rate cut? Or will you be hurt by the rate cut? Explain. (NOTE: Avoid sharing intimate details of your finances. This should be a general discussion)

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In March 2020 the Federal Reserve cut the federal funds rate to 0% in response to the economic uphea...