XML Financial Group Blog

The Fed Might Cut Rates. What Happens Next?

Written by XML Financial Group | Mar 12, 2024 2:00:00 PM

The Federal Reserve hasn’t announced rate cuts yet, but they’re coming (eventually). That means we can expect commensurate drops in interest rates for auto loans, personal loans, credit cards, mortgages, and other forms of credit. Savings rates will also drop, so the currently high APYs on high-yield savings accounts, money market accounts, and CDs will eventually come down. Falling rates will make money less expensive, likely helping the stock market and the economy overall – but it may also lead to higher inflation if the rate cuts come too soon.

Click here to read the article.

 

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.