Matthew Luzzetti, Deutsche Bank's chief US economist, recently joined Stocks In Translation to discuss the possibility of rate cuts by the Federal Reserve. He examined the implications of various projected figures and how the market braces for unexpected changes. He explains, "If the Fed cuts more than what is expected, that'll mean lower credit card interest rates, lower auto loans, mortgage rates will come down as a result of that."
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This post was written by Neil Mulcahy.