The Federal Reserve is meeting this week as it considers whether to cut its key interest rate.The rate has not been lowered since the end of 2024, and the Fed has faced ongoing pressure from the White House to make cuts.Recent data shows hiring has slowed over the past few months, which could lead to a possible rate cut Wednesday.News 9 spoke with Paul Lane with Armstrong Advisory Group about what that could mean for consumers.>> Download the free WMUR app to get updates on the go: Apple | Google Play <<“On the consumer side of things, what you’d see is your money markets and CD rates at your local bank are likely going to come down by the quarter of a percent or credit card debt that should hopefully come down too for borrowers out there,” Lane said.>> Watch the full interview with Lane here <<President Donald Trump’s pick to sit on the Federal Reserve Board of Governors, Stephen Miran, was confirmed by the Senate on Monday night.He is taking part in these meetings along with Gov. Lisa Cook, whom Trump is trying to fire. An appeals court ruled she can keep her job.>> Subscribe to WMUR’s YouTube channel <<
The Federal Reserve is meeting this week as it considers whether to cut its key interest rate.
The rate has not been lowered since the end of 2024, and the Fed has faced ongoing pressure from the White House to make cuts.
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Recent data shows hiring has slowed over the past few months, which could lead to a possible rate cut Wednesday.
News 9 spoke with Paul Lane with Armstrong Advisory Group about what that could mean for consumers.
>> Download the free WMUR app to get updates on the go: Apple | Google Play <<
“On the consumer side of things, what you’d see is your money markets and CD rates at your local bank are likely going to come down by the quarter of a percent or credit card debt that should hopefully come down too for borrowers out there,” Lane said.
>> Watch the full interview with Lane here <<
President Donald Trump’s pick to sit on the Federal Reserve Board of Governors, Stephen Miran, was confirmed by the Senate on Monday night.
He is taking part in these meetings along with Gov. Lisa Cook, whom Trump is trying to fire. An appeals court ruled she can keep her job.