Tuesday, December 11, 2007

Federal Reserve lowers interest rate quarter point again.

To hold off recession, the Federal Reserve is lowering the interest rate again. Doing so, they hope to help burdened home mortgage borrowers. The other side of the coin are those folks who hold small amounts of money for retirement in Certificates of Deposit at their local banks. They will be in pain now watching their retirement money dwindle.

read more | digg story

No comments:

1-17-2026

Supreme Court will decide on use of warrants that collect the location history of cellphone users   Judge rules feds in Minneapolis immigrat...