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Why refinancing your mortgage or student loan might not actually save you money right now

Even though the Fed slashed interest rates to near zero, lenders are worried no one will be able to pay back their loans.
President and CEO of the Federal Reserve Bank of St. Louis James Bullard gestures during an interview at the Federal Reserve Bank of St. Louis June 8, 2011.

Investors are practically begging the Fed to cut rates again as coronavirus threatens the economy — even though the central bank just did

"We are willing to do more. But we are monitoring the situation. We can meet at any time," the president of the St. Louis Fed told Bloomberg TV.

Here’s how one expert says the Fed’s emergency rate cut could create a toxic situation where higher prices conflict with coronavirus-stric...

"The biggest risk right now is the stagflationary environment where we have these higher prices coupled with lower growth," Davis said.
WASHINGTON, DC - SEPTEMBER 26: Federal Reserve Board Chairman Jerome Powell arrives for a news conference on September 26, 2018 in Washington, DC. The Fed raised short-term interest rates by a quarter percentage point as expected today, with market watchers expecting one more increase this year and three more in 2019.

The Fed announced an unexpected interest rate cut on Tuesday. Here’s a timeline of the last 7 emergency rate cuts

"The fundamentals of the US economy remain strong. However, the coronavirus poses evolving risks to economic activity," the FOMC said in a statement.

The 10-year Treasury yield falls below 1% for the first time ever as coronavirus fears send traders scrambling to safety

The benchmark bond yield fell even after the Fed announced an emergency rate cut Tuesday to protect the US economy from slowing due to coronavirus.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020.

Stocks add to their rapid recovery after the Fed unexpectedly cuts rates to boost the economy

Tuesday's 50-basis-point rate cut is the Federal Reserve's first emergency adjustment since the 2008 financial crisis.

The Fed may be powerless to contain the economic fallout from the coronavirus

The Federal Reserve may not be able to do much to mitigate the economic fall out from the coronavirus, even if they cut interest rates.

The Fed just cut interest rates for the 2nd time this year. Here’s what the decrease means for your wallet.

The Federal Reserve's latest interest rate cut will affect all different types of non-mortgage loans like credit card rates.

Asia falls while global stocks gain amid ‘ominous’ trade-war jitters and shock central-bank easing

New Zealand and India on Wednesday made bigger-than-expected rate cuts. "Everyone's trying to pick a side," one analyst said.
Unfortunately, the Fed's interest rate cut won't be much help to those in credit-card debt.

An expert says the Fed’s interest rate cut is so ‘minuscule’ when it comes to credit cards that it saves the average person in debt ...

With the median credit-card APR at 21.48%, a quarter-percentage point drop likely won't be felt by many credit-card holders who carry a balance.