One number shows why the economy might not get the immediate relief many hope for

07/19/2024, 12:07 PM
businessinsider.com

One number shows why the economy might not get the immediate relief many hope for

Anna Kim/Getty, NeoLeo/Getty, Tyler Le/BI

The most important interest rate for borrowers in the US is moving higher, not lower, after the Federal Reserve's jumbo rate cut on Wednesday.

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