You’ve probably heard a lot lately about the economy, the Federal Reserve, and lower interest rates. Right now, mortgage applications and refinancing are being overwhelmed with demand. Meanwhile, more and more people are temporarily losing income and avoiding spending.
So the economy has been shaken hard. Everyone is trying to help the economy without getting hurt or causing more damage in the process.
But there is a silver lining – as a consumer, some of these attempts to help the economy could end up working well in your favor. Of course, no one can predict exactly what will happen, but several recent changes are giving 2020 a brighter outlook for consumers in the next few months.