If the Fed would have dropped a quarter instead of raising a quarter, Banks would have taken that quarter away from you/me.
Am I wrong?
My Bank is paying me 3.4% and probably making 15% off my money.
I follow this Reddit, and people were talking we were all going to get a bump with the increase.
I called my local branch to inquire and the gal said "we don't raise rates here". Well no shit, what about corporate? No answer.