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.
Published at
2024-09-19 18:39:35Event JSON
{
"id": "edb3b2163bd904292e4c1618f3ff5c656ea69a4b0658bb84841fa449fd8b4f76",
"pubkey": "b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d",
"created_at": 1726771175,
"kind": 1,
"tags": [],
"content": "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%.\n\nShort-term borrowers (those with HELOCs, credit card debt, etc.) should soon see some much-needed relief via lower rates in the coming days/weeks.\n\nhttps://m.primal.net/KvAJ.png ",
"sig": "2b612bb731484532d4af96828c9dd675e5420e66ea27579d6d783ca57ce70c7d9ac35d0e744da0bde7c382e31e7e096a1ba2a71f1a87b16e72540d6994f9d642"
}