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Earlier today, the Federal Reserve cut their benchmark Federal Funds rate by 0.50%. Here's what you must know and the impact of interest rates on the economy, stocks, bonds, cash, mortgages, etc.
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⏱ Timestamps:
0:00 Start Here
1:08 What Are Rate Cuts?
4:06 Impact on Stocks, Bonds & Cash
7:26 Impact on Mortgage Rates
10:18 Impact on Credit Card Debt