Quote:
Originally Posted by tophcfa
The media is downright giddy that the most recent inflation report indicates the Fed might soon be cutting interest rates. Exactly how is that good news for responsible senior citizens who have saved their hard earned money, avoided debt, and want to earn a reasonable real rate of return above inflation on their savings?
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I agree. Often, the Fed will lower interest rates so low that it rewards borrowers and punishes savers. People should be encouraged to save money and to avoid debt. The market should determine interest rates, not the Fed. That is my opinion.