CNN —
The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September.
Fed watchers also expect the central bank may cut the rate once more this year, by another quarter point, at its December meeting.
If so, that would mean the fed funds rate, which directly or indirectly influences the rates on a host of consumer savings and lending products across the economy, would have dropped by a full percentage point by year-end.
But that doesn’t mean as a result
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