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Interest rates are based solely on the rate set by the Fed. Find me an interest rate not pegged to the Fed rate in some way, as opposed to GDP.
by ThunderSizzle 3y ago
Interest rates are based solely on the rate set by the Fed. Find me an interest rate not pegged to the Fed rate in some way, as opposed to GDP.
- prepend 3y agoOne of the major influencers on the Fed setting rate is GDP. I don’t think GDP is a direct factor to specific things in people’s lives. It’s a macro indicator. It’s still useful to know and relevant to our lives. Or maybe another way to say it is that there are many things directly relevant to our lives and they are all part of GDP.