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June 25, 2003

Low interest rates: there's a dark side

  • Low rates have negative effects on interest income, mortgage lenders and money-market funds.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK -- Ask homeowners about lower interest rates, and you'll hear a collective cheer. Ask anyone dependent on interest income, and the boos will surely sound.

    So it goes in this environment of super-low interest rates, which have been tumbling over the last two years thanks to the Federal Reserve's rate-cutting spree to recharge the economy.


     
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