What is the prime rate expected to be in 2024

As we look ahead to 2024, the prime rate remains a focal point for economists and borrowers alike. With inflationary pressures and economic growth in flux, predictions vary. Analysts suggest a cautious approach, anticipating potential adjustments that could shape lending landscapes.

Who benefits from Fed rate cuts

When the Federal Reserve cuts interest rates, a ripple effect ensues. Borrowers rejoice as loans become cheaper, stimulating spending. Businesses may thrive with lower financing costs, while investors often seek higher returns in riskier assets. But who truly benefits?