Federal Reserve chair Jermoe Powell announced that interest rates would be cut by half a percentage point. CNN’s Matt Egan explains what this means for borrowers.
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aistockadvisor AI fixes this. Fed cuts rates for first time.
Good bye husa
Glad they did it, wish they would have done it a month ago.
Just in time to get their candidate elected.
The swamp always pulls through just in time for the election.
Dirty tricks. But Americans are awake!
We want Trump’s policies back!
Kamala created the human catastrophe on the border and through out our entire country, horrifically high inflation, then tells you to vote her in office and she’ll fix it all, while she is currently in office!🤦🏼♀️
It’s a big deal. Expansionary policies in any amount are a sign of economic progress. 50 basis points was a big drop.
Inflation rates and Interest rates are two entirely different things. One can effect the other but they are two different entities.
IDGAF if all my % goes to ZERO I will NOT vote DEM!!!
Cut the bullshit liar
Weeks before the election🤔 democrats pulling every trick they got up they sleeve 😭
One of the biggest interest rate drops in modern history! Will have a huge impact on consumer confidence! American economy is very strong!!!!
This is just for votes afterwards back to the same shit. Fkh and fjb
Imagine that. Not falling for it.
It's over. It's going to collapse America
This is supposed to move the needle 😂Lol
Wow half a percent 😂😂😂
BS. The fr board of governors are nominated by the POTUS. They're hedging their bets and trying to boost the current administration's approval rating in time for the election. They know who butters their bread.
This interest rate comes right in the middle of the presidential campaign. A coincidence, right? They’re playing with people.
This is not completely true interest rates at the banks change regularly check with your bank loan officer
That’s good but cred card companies hiked their interest rates in the past 2 weeks!
This changes nothing. They only did it because the election is just around the corner. You honestly think the common people can now relax and buy their dream home or pay off anything??? 😂😂😂 And look who’s reporting this, CNN😂😂😂
9% to 2%. Thank you Joe and Kamala!!
They are just trying to get their communist kamala elected again. Not.
Following anyone
The economic collapse has begun.
When will we have affordable food and housing like we had with President Trump?
This good news will be great for Harris/Vance! Low interest rates, the best stock market ever, etc. Vote Blue to stop fascism. NEVER IN AMERICA. NEVER AGAIN.
Interest rates shouldn’t be attached to student loans
Bad idea… really bad idea… it's gonna cause inflation to kick back up and home prices to escalate again. Not smart at all.
Wow, so many people dont know a thing about economics feel entitled to rant about Fed decision in the comment section. Maybe they ahould lean about what exactly is the Federal Reserve job and what is the fed over night rate first.