Federal Reserve

  • Photo of The Fed’s Rate Cuts and Your Interest Payments

    The Fed’s Rate Cuts and Your Interest Payments

    On July 31st, the Federal Reserve lowered interest rates for the first time in over ten years. In fact, the United States’ central bank has been increasing borrowing costs for a while. On December 1st, 2015, rates were only 0.25%. This allowed consumers to take advantage of low interest credit card, mortgage, and auto loan payments. Three years later, by…

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