>Meanwhile, the September jobs report was horrible, with wages and labor participation rate falling, and numbers from the last two months revised downward. You can forget about interest rates being touched for a long time.
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>Oh Major WAAAHHHH! That is terrible news for us savers. I actually have a CS where I am getting 1.25% interest and I am happy about it :(
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>It doesn't matter how low they keep interest rates. It is not going to get people who are living hand to mouth to spend more money. BTW, isn't it wonderful that the banks are starting to give out NINJA loans again. People who forget history are doomed to repeat it...

Is a NINJA loan where they give a low initial rate, then increase it after a few payments?