Perhaps this is just me, however, with the impending rate cuts (yes not yet confirmed technically but lets be honest there will be) it’s important to remember that there is a degree of time between when Jerome Powell announces they are going to begin cutting rates on September 17/18 to when these rate cuts would actually go into effect. Which in turn means the positive booming effect of these rate cuts wouldn’t just happen overnight.
Consumer lending would all have to adjust and update to this in the economy and then also for the effect of such an easing to work its way into the economy. This could take weeks/months
So this is in my opinion very worth noting and taking into consideration. Contrary to this bank and institutional rates I do believe go into effect much quicker although would be worth fact checking me on this and the effect that this will have
submitted by /u/ManifestCartoon
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