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Once the Federal Reserve begins to lower the federal funds rate, these things should become more affordable. PeopleImages.com – Yuri A / Shutterstock.com
After years of rising interest rates, falling rates might soon be on the way. The Federal Reserve is widely expected to begin reducing its target range for the federal funds rate sometime soon, possibly as early as September. Once the Fed begins to cut rates, it should have ripple effects throughout the economy — and on your wallet. For some Americans, falling rates will be a negative.
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