What could federal interest rate cuts mean for you?
All the talk has revolved around federal interest rate cuts with inflation still impacting the U.S., so what could rate cuts mean for you?
ALBUQUERQUE, N.M. — The Federal Reserve could soon be making some major changes to interest rates, which will impact everyone and their wallets.
How so? David Hicks, of Oakmont Advisory Group, says lower rates will mean lower borrowing costs and less interest on mortgages, auto loans, credit cards and similar things.
Hicks talks more about this in the video above.