How The Fed Rate Cut Affects You

The Fed cut interest rates Monday, but what does this mean for your wallet?

  • Savings yields: You’ll earn less interest from money market funds, certificates of deposit, and the like.
  • Stocks: As we’ve seen, there’s been a big rally.
  • People with option-ARM mortgages: Oops, you’re still screwed.

What a Fed rate cut would mean to you [AZ Central via Money Crashers]
(Photo: Ms. President)