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Why Are Interest Rates So Low?
3
May
Why Are Interest Rates So Low?
There’s no denying that the Coronavirus pandemic has led to economic decline and uncertainty. As a result, the Federal Reserve has lowered interest rates. Rates will likely remain low until the end of 2023 as our economy recovers. So what’s the purpose of declining interest rates? The lowering of interest rates by The Fed intends to promote economic growth during