The Fed holds rates steady. Here’s why that matters to you

The Fed holds rates steady. Here’s why that matters to you

The Federal Reserve building is pictured on Tuesday August 6, 2019.

Caroline Brehman | CQ-Roll Call Group | Getty Images

The Federal Reserve‘s decision Wednesday to keep interest rates steady came as a relief to many. For good reason.

Although the federal funds rate,which is what banks charge one another for short-term borrowing, is not the rate that consumers pay, the Fed’s moves still…

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