“Good news, bad news. Borrowers will benefit from the low-rate environment. The 30-year fixed mortgage rate is likely to remain below 4% for the foreseeable future. Auto, home-equity and other consumer loan rates will also likely remain at historic lows.
The news is not good, though, for savers and income investors. Bank deposits, certificates of deposit and short-term U.S. government securities will pay almost nothing. Returns for longer-term government and corporate bonds will also be much lower than historical norms. … The stock market is now the only game in town for those looking for decent returns on their retirement savings.”
David Payne, “How the Fed’s Moves Affect You,” Kiplinger Personal Finance, July 2, 2020