Tuesday, December 16, 2008

The Fed Cuts Interest Rates to 0%. That's Just Crazy!

The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October. Many analysts had expected the Fed to make a smaller cut to 0.5 percent.

read more | digg story

No comments:

2-20-2025

  DOGE Has 'God Mode' Access to Government Data The Trump administration has fired about 1,000 newly hired National Park Service emp...