There was a big risk in raising the interest rates high the way they've been for some time. Psychologically and financially, literally everyone has been waiting for prices to go down.
For anyone who wants to save money, now they should start having an easier chance at doing so. Financial advisors at many companies are going to have an easier time helping their clients plan for their future and retirement.
I don't think it was long overdue, unless you wanted to be reading stories about currently runaway inflation as we head into the election.
There was a big risk in raising the interest rates high the way they've been for some time. Psychologically and financially, literally everyone has been waiting for prices to go down.
For anyone who wants to save money, now they should start having an easier chance at doing so. Financial advisors at many companies are going to have an easier time helping their clients plan for their future and retirement.