What The Fed’s Near Zero Rates Means for You

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What The Fed’s Near Zero Rates Means for You
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Here's what the Federal Reserve's rate cut means for mortgages, credit cards, students loans and more

March 15, 2020 9:14 pm ET On Sunday, the Federal Reserve cut its short-term benchmark rate by 1 percentage point to near zero ahead of its scheduled March meeting to fight the economic fallout of the coronavirus pandemic.

It is the second emergency rate cut in recent weeks. The Fed said it would...
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