Will interest rates go lower?
Will interest rates go lower?
Interest rates are about as low as they can go.
It is possible for interest rates to squeak down a tiny bit more, however, for them to go down much more, the Fed might need to fall into something called negative interest. That’s an interesting place to be. It’s when the banks charge you to keep your money in a savings account. Yes, that’s right. For rates to go much lower, you might need to pay the bank to hold your money in a savings account instead of getting paid interest.