Feds Lower Interest Rates
Feds Cut Interest Rate to 3.0
The Federal Reserve is attempting to stimulate the slowing economy. The Federal Reserve cut interest rates twice in January, resulting in an interest rate of 3.0%. Financial experts are indicating that the risk of lowering interest rates is price inflation. The cost of living will rise while the dollar buys far less. This is the second deep interest rate cut in a week. The interest rate was 5.25% just four months ago.
This policy action should help promote moderate growth over time and mitigates the risks. Wall Street is waging on more rate cuts in the next few months. Investors are betting on a 100% chance of another rate cut, according to the federal funds futures trading on the Chicago Board of Trade.
on 2008-10-07 at 22:57:23
Hey George, fyi: the government should have been doing something to help the economy a long time ago. Instead of bickering over politics, lawmakers should have made policies that promoted oversight, and strengthened the foundations of the economy. It's really a shame that they're now only doing what they've been doing a long time ago. The worst thing is that maybe it's too late for that.on 2008-09-26 at 03:37:59
The good news is the government is at least doing something to alleviate the economic problem! With better programs we may yet see the end of the slump soon.