Feds Drop Interest Rates, The Economy Slows & Trade War Fears. Are We Tumbling Into A Recession?

The Federal Reserve's decision to cut interest rates by a quarter point for the second time in a decade is a double-edged sword for many Americans.

On the one hand, there are concerns about a slowing economy and the ongoing trade war, which could raise prices on many of the products you buy. On the other hand, consumers likely will earn less interest on their savings accounts, and in some cases, lose buying power over time.

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