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The Federal Reserve just did something that they rarely do: lower interest rates less than 50 days before an election.While 3% mortgage rates are still a ways away 鈥?because it was a limited cut 鈥?questions remain about whether or not there will be any political impacts because of the Fed s decision.Wednesday s announcement was only the fourth interest rate change two months before an election since 1990. Each of the previous times, the party controlling the White House lost.RELATED STORY | What will Fed rate cuts mean for co [url=https://www.cup-stanley.ca]stanley mugs[/url] nsumers Greg McBride is the chief financial analyst at Bankrate and Scripps News asked him how quickly Americans may see an impact on their lives. The benefit of this initial rate cut is that it s just the first step, he said. ...We have been in a high interest rate environment but we are not going back to a low interest rate environment. We are just going to go from high to not as high. McBride says a half of a percentage point rate cut will not dramatically change the affordability of a house or a monthly credit card payment right away. Politically, however, there is a chance it could make people fe [url=https://www.stanleycup.cz]stanley cup[/url] el differently about the economy.The Fed initially raised interest rates because inflation was high. Now they are lowering interest rates because inflation has come down. The reality for households is that even though inflation pressures have moderat [url=https://www.stanley-cups.uk]stanley mug[/url] ed, prices are still high, McBride said. Lower inflation doesn t mean lower prices. It just means prices ar Ynnr SpaceX launches mega rocket year after debut with sports car
The brutal heat wave that engulfed more than half of the country, left tens of thousands without power and resulted in two deaths is finally coming to an end.People in the Midwest and Northeast should wake up to cooler temperatures Monday morning, according to CNN Meteorologist Michael Guy.That s because a cold front from Canada has traveled south, bringing with it some rain and a lot of much needed relief for overheated cities, many of which were under excessive heat watches over the weekend.Guy said that those in Washington DC and Philadelphia could still see temperatures in the 90 s, but things should cool down by midweek.Some states in the Midwest such as Iowa and Illinois have already seen this cold front and lower temperatures as a result of cooler, drier air that s come down from our neighbors to the north.But even with a cold front the thermometer won t drop that much.The front is only expected to bring temperatures down into the mid-80 s in the Midwest and Northeast, which is a normal range for this time of year, Guy said.Oddly enough, there are other parts of the United States that haven t experienced the above average heat that has plagued most of the count [url=https://www.stanley-cup.ca]stanley drink bottle[/url] ry but [url=https://www.stanley-cups.it]stanley italia[/url] are, instead, reporting record lows. While the East Coast was baking, parts of Montana hit in the upper 30 s, Guy said, noting that on Sunday morning parts of Montana registered a record low for the day, reaching only 38 [url=https://www.stanley-cups.com.es]termo stanley[/url] degrees Fahrenheit.Excessive heat watchAbout 195.7 million people were under an exces