Great News: Fed Makes Deepest Rate Cut since 1984
The Federal Reserve announced a rate decrease of .75%, the sharpest drop in the Fed Funds Rate since 1984.
It is believed that another decrease will occur when the Federal Reserve meets again at the end of the month.
Today’s rate decrease was probably in response to the dramatic downturn in the stock market. The Dow has since recovered most of the losses; but it will probably continue to be a wild week.
It is believed that another decrease will occur when the Federal Reserve meets again at the end of the month.
Today’s rate decrease was probably in response to the dramatic downturn in the stock market. The Dow has since recovered most of the losses; but it will probably continue to be a wild week.
Posted by Phyllis Harb at 1/22/2008 12:52 PM 
Categories: Interest Rates, Lenders, A Buyer's Perspective
Categories: Interest Rates, Lenders, A Buyer's Perspective
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