Fed's Rate Cut Affects Borrowers, Savers
Published on Mar 19, 2008 in Business
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Fed's Rate Cut Affects Borrowers...
March 19, 2008
The Federal Reserve on Tuesday slashed a key interest rate by three-quarters of a point, making it cheaper for banks to borrow. Banks may eventuall... More
The Federal Reserve on Tuesday slashed a key interest rate by three-quarters of a point, making it cheaper for banks to borrow. Banks may eventually pass the savings to consumers in the form of lower interest rates for loans, but the interest that consumers earn on savings can also go down. Less
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