NEW YORK/WASHINGTON: The U.S. Federal Reserve's decision on Wednesday to lower interest rates may do little to cut some of the costs that matter to many consumers.
From mortgages to credit cards, banks and other lenders may resist offering substantially lowerrates to consumers, analysts said, despite the central bank's widely expected cut, which pulls its target policy rate down to between 2.00% and 2.25%.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
