New York CNN —
With the Federal Reserve shifting gears and cutting interest rates by a half point, it’s time for investors, households and businesses to take a long hard look at where their money is.
The Fed on Wednesday lowered interest rates, marking the first rate cut since March 2020. That comes after the central bank aggressively raised rates to a 23-year high to tamp down wayward inflation spurred by near-zero borrowing levels during the Covid pandemic.
A decline in interest rates should, theoretically, mean good news for the stock market. Lower borrowing costs
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