News from the financial world has been confusing lately. Is the economy strong or about to bust? Is the inevitable recession close or still years off?

What will the Fed do about interest rates? We do know that over the past eight months, interest rates have decreased.

  • That helps homebuyers, and homeowners who are refinancing their mortgages.
  • It hurts retirees who count on interest from savings to provide a substantial part of their income.
  • And it typically raises questions for new retirees who are ready to set up their retirement income plan and make other lifestyle decisions.
Fed lowers interest rates