💰 Find Out What the Fed’s Rate Cut Means to Retirees (AARP Article)
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Retired? Winners and Losers of the Fed's Big Rate Cut.
From savers to borrowers, lower interest rates are a mixed bag.
By Donna Fuscaldo, AARP. Published September 19, 2024.
The Federal Reserve’s first interest rate cut in more than four years is finally here. On Sept. 18, the central bank slashed its benchmark rate by half a percentage point, aggressively lowering its target range to between 4.75 and 5 percent. And the Fed has signaled that more reductions are coming.
But that doesn’t mean retirees should panic. It does mean that it’s time for retirees to take stock of their savings, investments and loans.
https://www.aarp.org/money/budgeting-saving/info-2024/fed-interest-rate-cuts-retirees.html