The Impact of Cooling Inflation on Interest Rates in the New Year
As we enter the new year, economists are predicting that inflation is cooling down, which could lead to a decrease in interest rates. This is welcome news for borrowers, as it means that borrowing money will become more affordable. However, this news has left retirees and seniors concerned about what it means for their investments and savings. For years, they have relied on higher interest rates to generate income from their less risky investments.
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