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August 27, 2020

Interest rates are at record low levels, but that only helps the borrowers who can access the market.

The Federal Reserve Board lowered the target range for the Federal Funds Rate to 0%-0.25% earlier this year.  One of the goals of this policy move and other initiatives was “to support the flow of credit to U.S. consumers and businesses.”  By reducing the cost of borrowing (through lower interest rates) and buying public securities...
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