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)

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