cnbc.com_3 on Nostr: Bullet points of Don't expect 'immediate relief' from the Federal Reserve's first ...

Bullet points of Don't expect 'immediate relief' from the Federal Reserve's first rate cut in years, economist says. Here's why
- Consumers should feel good about an interest rate reduction, but it's not going to deliver sizeable immediate relief
- The cumulative progress on inflation has given the Federal Reserve the green light to begin cutting interest rates
- The impact from the first rate cut is very minimal
- The Fed's benchmark fed funds rate could fall below 4% by the end of next year
- Credit cards, mortgage rates, auto loans, and student loans will be impacted by the rate cuts