Quote:
Originally Posted by jimjamuser
Seniors will NOT be hurt by the Fed. bring down the interest rate. Yes seniors with interest paying investments will get less gain (less money) but that money will NOW go further because things that they want to buy are going DOWN in price.......such as gas prices, food, clothing and etc. NOTE: those prices will NOT go down INSTANTLY, it will take a few months. Prices tend to LAG interest changes.
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What price reduction? Are the employees who received much larger salaries to keep up with inflation going to give back their raises? Are insurance rates going drop from the huge increases? Are property taxes going to retract and schools decline money because inflation is now gone.
Suggestion: one shouldn't hold one's breath.