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0.000182526162083239 0.00170357751277684 0.00486736432221941 0.00730104648332921 0.00273789243124841 0.0117425164273546 0.0266488196641518 0.024945242151375
Stock impact report

What December's Fed rate cut means for your mortgage, credit card, auto loan, student debt and savings [CNBC]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: CNBC
December's move marks the third time in a row the central bank lowered interest rates — shaving three-quarters of a point off the federal funds rate since September to a range of 3.5%-3.75%. The cuts could have a cumulative effect on many of the borrowing and savings rates consumers see every day. Although the federal funds rate, set by the Federal Open Market Committee, is the interest rate at which banks borrow and lend to one another overnight and not the rate that consumers pay, the Fed's actions still influence many types of consumer products. Many shorter-term consumer rates are closely pegged to the prime rate , which is typically 3 percentage points higher than the federal funds rate. Longer-term rates are also influenced by inflation and other economic factors. From credit cards and car loans to mortgage rates, student loans and savings accounts, here's a look at the ways the Fed rate cut could affect your finances The Fed's impact on credit card APRs Most Americ Show less Read more
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