Well, too bad for those who need the interest rates high.
The interest rate cuts are going to be a boon for retailers as well. I was shopping at Macy's a few days ago and a woman had a conversation with the retail cashier about her concerns about inflation. I believe she was at Macy's Backstage where the items are priced lower than other Macy's products and chose this section of the location as she was cost sensitive.
It's good news to most people who hear about it , except for those who profit from higher rates.
Well, too bad for those who need the interest rates high.
The interest rate cuts are going to be a boon for retailers as well. I was shopping at Macy's a few days ago and a woman had a conversation with the retail cashier about her concerns about inflation. I believe she was at Macy's Backstage where the items are priced lower than other Macy's products and chose this section of the location as she was cost sensitive.
Even restaurants are going to see more business.