As the economy craters, here’s a look at what cutting interest rates below zero would mean for everyday Americans.
- “Negative interest rates are inevitable in the U.S.,” said Bankrate’s Greg McBride. “It’s just a matter of when.”
- For everyday Americans, that would likely mean lower mortgage and credit card rates and even lower returns on savings, if any at all.
Source: What negative interest rates would mean for your wallet
