Lower Rates
Posted By: Dr. Frugal in Loans on 11/01/2007 at 05:21:02
The Fed announced late yesterday they were going to give back a quarter point. The central bank lowered the federal funds rate to 4.5 percent, as had been expected. I don't think this surprised anyone, neither in direction nor percentage. There was some speculation the cut might be a half-point but I think so many people would then have Recession Fever there would be mass suicides. Ok, maybe not mass suicides but you know what I mean.
Comments
No comments yet. Go ahead, be the first.
Leave A Comment:
Sections
Frugality (48)Budget (15)
Credit (17)
Currency (22)
Economics (86)
Loans (39)
Politics (18)
Saving (20)
Taxes (39)
Related:
Foreclosure SuicideEven More Loan Failures
Mortgages Up (Again)
Education Lotto
Law for Student Loan Forgiveness
Most Popular
Debix vs. LifelockIs Lifelock a scam?
Review: TurboTax
Most Recent
Biggest Bankruptcy EverSarah Palin is an Idiot
Condoleezza for VP?
Great Depression 2
City Budget Cuts
Google's Free-Fall
CA House Prices down 26%