Many investors believe that the federal reserve will cut interest rates for the third time this year. ABC News’ Perry Russom breaks down what it could mean for your wallet.
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lower interest rates make dollars cheaper, more borrowing increases demand and raises prices
Well interest rates being cut mean lower profit margins for traders so looks like I'll have to invest in more equities
1.8 cut would equal roughly the treasury having to pay back $900 billion dollars Less in our debt annually?
Won't matter. The banks will just keep the cuts for themselves and continue to legally rob the Average American.