Comments on: How Does the Fed Rate Affect You? https://www.financeglobe.com/post/how-does-the-fed-rate-affect-you/ Personal Finance Tips & Tools Thu, 15 Aug 2019 23:58:19 +0000 hourly 1 https://wordpress.org/?v=6.9 By: Wanderer https://www.financeglobe.com/post/how-does-the-fed-rate-affect-you/#comment-739 Thu, 15 Aug 2019 23:58:19 +0000 https://www.financeglobe.com/tools/2019/07/31/how-does-the-fed-rate-affect-you/#comment-739 The loss of jobs is ever a sad perspective but, when you realize we are in the longest period of growth ever, it is not surprising that the economy has run out of steam.

One other item that will benefit consumers is most credit card products are of a variable interest rate and will likely see a 0.25% decrease on their credit card’s interest rate. JP Morgan Chase has already implemented the reduction along with US Bank (sure the lenders others will follow in the next 30+ days).

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