CRER Research Scholar Dr Bento Lobo was interviewed on Channel 3 about the latest rate cut by the Federal Reserve. “Well, the message from the Fed right now is that the economy appears to be in good shape,” says Lobo. “Inflation is under control, and lowering rates is unlikely to fuel greater inflation at this point in time.”
Lobo says lower interest rates could have implications for mortgage rates, construction loan rates, and credit card rates, for example.