Federal Reserve Considers Interest Rate Cuts - What It Could Mean for Borrowers, Savers, and Investors
• Interest rate cuts would lower costs for borrowers - bringing down mortgage rates, credit card rates, auto loan rates • Rate cuts could boost stock market returns by increasing company valuations • Lower rates would reduce returns for savers as yields on savings accounts decline • Mortgage rates have already started to drop in anticipation of Fed rate cuts • Returns on low-risk investments like savings accounts can change quickly when interest rates shift