Federal Reserve interest rate cut already affecting some prices

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The Federal Reserve's interest rate cut announcement has already affected the prices of some mortgage rates and credit card interest rates. CBS MoneyWatch associate managing editor Aimee Picchi reports.

#news #money

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But home prices are still overvalued in many markets.

alooga
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So two separate interest rates were reduced by an overall interest rate cut? WOW! Want to tell us how lowering prices increases sales and therefore profits too?

bowtoy
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I am happy for the rates to go down for folks who want to buy a home or car, but savers don’t get much help to entice people to save money. Not everyone can be in the stock market or have a job with a pension or 401K. Why does it seem one sided?

tammy
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Just as long as rising inflation increases COLA next month.

invisiblesun
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Just in time for the election. Laughing at the Repubs.

Paul-McB
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It still has to be a licensed broker like uSMART that can trade ETFs from other countries.

AndeeLee-yiot
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And all of the MAGAs were booing when JD announced this at his rally and said it wasn't enough. Lol Who in their right minds, boos for lowering interest rates? Lol

PacificForage
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Lindsey needs to have nasal passage surgery... sounds so bad

caleb