Will More Federal Reserve Interest Rate Reductions Do Anything For You?

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The Federal Reserve is expected to lower interest rates tomorrow.

That will lower the costs for borrowing on margin to buy stocks and lower the costs for the US government to issue short-term Treasury bonds, but will it do anything for mortgage rates and longer term bonds?

In the past it would help to lower those rates, but since the Federal Reserve lowered rates last year they really haven’t anymore.

The same thing looks like it is happening again when you look at the chart of the yield on the 10-year Treasury bond.