Fed's Cut in Interest Rate Could Be Pitfall for Cash Investors
Story date: 2007-10-02 02:52:00
Added on: 2007-10-02 13:00:21
The Ledger - The Federal Reserve lowering the short-term rates it controls could help borrowers, especially those with adjustable-rate mortgages. But savers might need to rethink their strategies. The bad news: "Yields will come down on cash investments," said ...
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