Feds to cut interest rate to near 0 to fight Corona virus

[btd08]

This should happen on coming Wednesday. Does this mean even lower interest rate on auto loans??

Fed to Cut Rates Near Zero to Fight Coronavirus: 5 Winners

 

[brkaus]

This should happen on coming Wednesday. Does this mean even lower interest rate on auto loans??

Fed to Cut Rates Near Zero to Fight Coronavirus: 5 Winners

It might, but those rates are short term.

For consumer loans, banks have to forecast the interest environment over the life of the loan. They might also see increased risk of defaults.