TL;DR
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For the first time in 18 months, the Federal Reserve has decided not to raise interest rates!
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What does that mean? It means our mortgage and credit payments are not about to go up. This pause in increases is the first step towards eventual rate cuts.
Full story
Okay, ready for some quick good news before the weekend starts?
You know how we’ve been writing a story about rate hikes every month or so for the past 8 months?
And each month, as companies go under and banks collapse, market sentiment is always something along the lines of:
‘Sour now will the Federal Reserve stop raising interest rates?’
…but every time we see an increase, careless?
Good. We have good news!
For the first time in 18 months, the Federal Reserve has decided not to raise interest rates.
What does that mean?
It means our mortgage and credit payments are not about to go up.
And while they are not about to go down either – this pause in increases is the first step towards eventual rate cuts.
We’d love to see it!
