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Fed Cuts Rate - Good News or Bad?

Posted by john in March 18th, 2008  
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Posted in: Finances     Tags: , , ,

Fed cuts key rate by 3/4%

The Federal Reserve cut the federal funds rate by 3/4 of a point today to 2.25%. Is this good news or bad? Depends on your perspective. Should you care? Let us take a look.


Fed Cuts Emergency Lending Rate by 1/4 Point

Posted by john in March 17th, 2008  
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Posted in: Finances     Tags: , , , ,

Key Interest Rate Cut

In a VERY rare move the Fed met on Sunday night and decided to cut a key discount rate by 1/4 point to 3.35 percent.

So what does this mean to you. Not much, at least directly. This is the rate the Fed charges banks to borrow money and probably won’t affect consumer interest rates.