Fed Signals Possible Interest Rate Cuts: What It Means for Borrowers and Small Businesses
The Federal Reserve recently hinted that rate cuts could be on the horizon as inflation eases and the economy stabilizes. This has big implications for personal finance, small business loans, mortgages, and credit cards.
Key Points:
Lower rates mean cheaper borrowing — good news for business expansion or refinancing debt.
Mortgage rates may dip, creating a potential window for refinancing or first-time buying.
Credit card APRs might drop slightly, but balances are still risky.
If you’re a small business owner or sole proprietor, now may be the time to revisit financing or growth plans.
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