Summary
WASHINGTON - Consumer prices fell in April for the first time in 13 months, giving the Federal Reserve more room to keep interest rates at historic lows to aid the economy. That's good news for borrowers, but not for savers.
Record-low rates help borrowers who qualify for loans and want to take on more debt. The prime lending rate, used to set rates on some credit cards and consumer loans, is at its lowest point in decades.See the full content of this document
Extract
Consumer Prices Fall 0.1 Percent
But low rates hurt savers. They're especially hard for people on fixed incomes who earn scant returns on their savings.
The 0.1 p...See the full content of this document
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