In September, the Federal Reserve Open Market Committee delivered a long-anticipated cut to the federal funds rate. The benchmark interest rate is now in the range of 4%-4.25%. The board also signalled further rate cuts ahead, and the market now expects the rate to drop as low as 3.25%-3.50% by 2026, according to Morningstar. [1] Must Read Simply put, we’ve entered an easing cycle which should benefit borrowers across the country. But if you’re a saver or lender, these rate cuts mark the end of an exce ...