Government Struggles To Keep Loan Rates Affordable
October 7, 2009
The good news for many Americans is that now may be one of the best times to borrow money for a house, car, or small business. [Read more]
Stocks Pare Gains After Fed Statement
July 6, 2009
As the Dow Jones dropped into the red again, the stock paired morning gains. Acknowledging the fact the economy was still weakened, the Federal Reserve chose to keep interest rates near zero. [Read more]
Federal Government Cuts Interest Rates
August 28, 2008
The US Federal Government has recently announced a large 75 basis point rate cut, which brings the total key rate to only 2.25%. In doing so, the prime rate will also fall, bringing itself down three-fourths of a percentage point, leaving it at 5.25%.
This strategic maneuver, deftly employed by the FOMC, or Federal Open Market Committe, closely trailed a .5% cut in the month of January and brought the total federal funds rate down to the lowest level established since late 2004. [Read more]
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