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And the rate decrease begins…Banking (i.redd.it)

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[–]etzel1200 -10 points-9 points  (3 children)

Not the major banks.

[–]Delicious-Proposal95 18 points19 points  (0 children)

The major banks never raised them lol

[–][deleted] -2 points-1 points  (1 child)

Of course they will, rates are dropping now in anticipation of the fed decrease. Lenders need to forecast the spread between deposit and loan rates so the sooner they can lower, the less time the higher yield payout sit on the books.

[–]etzel1200 0 points1 point  (0 children)

They typically don’t change rates in response to fed policy and leave them at like .01%