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While the Federal Reserve’s pledge to keep interest rates low for at least the next two years might not quickly restore consumer confidence or prompt spending, it does provide an opportunity for consumers to get more for their money.
“While low-interest rates mean lower returns on savings accounts, it also means lower rates on borrowing money,” said Daru Burdge, regional president for CredAbility. “Consumers can take advantage of low rates to help them save money on planned purchases.”
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