Fed Rate Cuts Coming? What You Need to Know About Mortgages, Borrowing And Saving
The Federal Reserve is expected reduce its benchmark interest rate from a 23-year high next month, affecting consumer debt, savings, auto loans and mortgages. Experts currently predict three quarter-point reductions in September, November, and December, with the potential for deeper cuts, reported Fortune. Fed Chair Jerome Powell indicated in his keynote speech at the Fed’s