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%.
I think in the subsequent months MF will continue to fall as fed cuts rates. This could be reflected as soon as Oct/Nov
Seems like BMW went from 0.00145 to 0.00128 for september.