Thought Leaders
As interest rates go down, Augusta’s economy has a chance to thrive
After more than two and a half years of interest rate hikes and an extended period of interest rates sitting at 5.5%, we have seen interest rate cuts at back-to-back Fed meetings. While the current Fed funds rate sits at 4.75% – well above the 2019 peak of 2.5% – consumers, businesses, and the real estate market should start to plan their first steps in a lower interest rate environment. Consumers see a more friendly environment for big purchases. Already battered by inflation levels not seen since the 1980s, heightened
Kevin Glass, Augusta Market President, Synovus Bank
December 17, 2024
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