Why Fed Rate Cuts Aren’t Helping Most Americans
CNBC·2025-10-28 16:02
The Federal Reserve is making loans cheaper. The federal funds rate is currently around 4.11%. By the end of 2026, this rate is expected to fall below 3.5%.Wall Street is excited, but middle class Americans aren't likely to benefit much from this decline in interest rates. Low rate and high liquidity environments benefit the guys who have money in markets, benefit the guys who already have the wealth. The top 0.1%: they have seen their wealth nearly double since 2020 to over $23 trillion.Stocks accounted fo ...