Fed announced the much expected rate cut today by quarter of a percentage point.
Q for experts here- based on what you might have seen in the past when they changed rates, will this have an impact on the MF in the August rates refreshing tomorrow?
Doutbtful for August, but more than likely some may reduce in September. They aren’t under any obligation to, however. In fact, some are already running .00001 MF, which is the lowest you can get without 0%.