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2024-09-19 18:39:35

Dr. Jeff on Nostr: As anticipated, the 50 bps drop of the federal funds rate yesterday has resulted in a ...

As anticipated, the 50 bps drop of the federal funds rate yesterday has resulted in a drop of the Prime Rate from 8.5% to 8.0%.

Short-term borrowers (those with HELOCs, credit card debt, etc.) should soon see some much-needed relief via lower rates in the coming days/weeks.

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